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Country-Plan Projects and Tenders |
| 9822 Subject |
526 مليون دولار لمشروع صناعي علي مساحة 260 ألف متر بالمنطقة الحرة بخليج السويس A new company licensed recently to implement a $ 526 million private free zone project on 260,000 M2 land at the Industrial Zone, to the north west of Suez Gulf, to produce ammonia. |
| Date Published | Thursday, December 15, 2005 |
| Source Name | Al Alam Al Yom |
| Location Name | Suez |
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Description Date Format: (mm/dd/yyyy) |
A responsible source of GAFI – General Authority for Investment, was quoted in the media indicating that a new company was recently licensed to implement a $ 526 million project to produce ammonia on 260,000 M2 land at the Industrial Zone, to the north west of Suez Gulf, to operate under the provisions of law 8/ 1997. Approval, according to the source, was issued by the Permanent Committee for Free Zones Affairs Chaired by GAFI. Deputy Chairman, Mr. Mahmoud Atallah. The company (project owner) is capitalized at $ 185 million. Major shareholders in the company includes, apart from Eng. Onsi Sawires, EGPC, Middle East Petrochemicals Corps., PSK Holding & Amiral Ammonia Overseas Ltd. of the UK. The project, to export 100 % of its output abroad, would generate 560 employment opportunities. |
| Sectors Section |
Beneficiary Sectors - Construction Projects Integrated works - Agriculture & Food Fertilizers & Agro Chemicals - Petroleum - Oil, Gas & Petrochemicals Petrochemicals - Industry Fertilizers & Agro Chemicals Petrochemicals |
