US-based engineering services firm Bechtel has secured two contracts from Carbon Holdings to provide project management services for the Tahrir Petrochemicals Complex and construct two new polypropylene units in Egypt.
The Tahrir Petrochemicals Complex is located at Ain Sokhna, and the two new units will be built on an adjacent site.
Bechtel will design, build and procure all the equipment and materials for the polypropylene production expansion at the complex's existing Oriental Petrochemicals site.
The engineering services firm will manage the project execution and contractor performance on what will be the largest petrochemicals complex in the country.
Carbon Holdings chairman and CEO, Basil El Baz, said: "We are very pleased to be working with Bechtel. The selection of a world-class contractor is critical to ensuring the successful delivery of a facility as large and as complicated as Tahrir Petrochemicals.
"Approximately 20,000 Egyptians will be directly employed during the peak construction phase with approximately 3,000 engineers and technicians being employed during the operations phase.
"This new petrochemical plant will produce the basic materials that shall facilitate the domestic manufacturing of some of the most basic products that are required for the industrialization process.
"This project shall effectively increase Egypt's overall exports by an estimated 110% — Tahrir Petrochemicals is without a doubt a game changer for the Egyptian economy."
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