A new industrial base will be established in this promising industrial zone.
The projects also include an area for small and medium-sized industrial projects - File Photo
The Egyptian petroleum sector has implemented an integrated plan to increase the capabilities of the Egyptian petrochemical industry, aimed at achieving its goals, which include a number of petrochemical projects in the new industrial zone of Al-Alamein. These industries have significant economic and developmental returns and are a regional hub for the petrochemical industry.
These projects include the Al-Alamein Petrochemicals Complex, which aims to maximize the value added from the natural resources available in Egypt by producing high-value products for the first time in Egypt and Africa, instead of importing them from abroad.
Additionally, a new industrial base will be established in this promising industrial zone based on the products of the projects by stimulating the establishment of small and medium complementary industries to produce final products marketed locally and globally, and work on creating new investment opportunities and maximizing the use of infrastructure such as ports, roads, and facilities, and creating direct and indirect job opportunities to support and increase economic returns.
The projects also include an area for small and medium-sized industrial projects based on what the Al-Alamein Petrochemicals Complex will produce, as well as a complex for producing silicon to fill the import gap of the product.
Moreover, these projects include a complex for producing sodium carbonate (soda ash), which meets the Egyptian market's need for an important substance used in many industries.
At the beginning of the current year, Engineer Tarek El Molla, Minister of Petroleum and Mineral Resources, witnessed the founding assembly of the Egyptian Soda Ash Company responsible for the Soda Ash Production Complex project, which is scheduled to be established as part of the Ministry of Petroleum and Mineral Resources' projects to increase value added.
The Minister of Petroleum emphasized that the petroleum sector attaches great importance to projects aimed at maximizing the value added to natural resources, adding manufacturing links to increase the vital petrochemical industry's ability to maximize returns on the national economy and support the localization of the Egyptian industry.
The Egyptian economy has shown remarkable resilience and recovery, with its GDP growth rate expected to reach 5.5% in 2021, according to the IMF. The country's reform program, supported by the IMF, has contributed to the recovery and attracted foreign investment. Additionally, the discovery of the Zohr gas field, one of the largest in the Mediterranean, has boosted Egypt's energy sector and its role as a regional gas exporter.
