Four Global Firms Shortlisted for Egypt’s $2 Billion Industrial Project
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Tuesday, August 23, 2022
Chemicals, Plastics, Commercial Building & Real Estate, Construction & Property, Manufacturing, FEED, Engineering, General authority, GDP, EPC, James McHugh Construction Co, Investment, USD, HDEC, Leonardo S.p.A., Intention, General Authority for Entertainment (Saudi Arabia), K.V.N. Naik S.P. Sanstha's Polytechnic, PDH, SAMSUNG, Record, Construction, Oil, S.A
The USD 2 billion project comprises a chemicals complex that will be built in the industrial zone of the General Authority for the Suez Canal Economic Zone (SCZONE) in Egypt.
Key Points:
- The USD 2 billion project comprises a chemicals complex that will be built in the industrial zone of the General Authority for the Suez Canal Economic Zone (SCZONE) in Egypt.
- The firms were selected based on a thorough evaluation process which included strict criteria and a scoring system.
- The project is in line with the Egypts plans to promote foreign direct investment, which has increased significantly in recent months.
- Gulf states have pledged more than USD 22 billion to support the Egyptian economy, including billions in industrial projects.