09 Feb 2022

The Minister of Petroleum & Mineral Resources revealed that Egypt’s exports of petrochemicals, chemicals, and fertilizers shot up by a stunning 45% during 2021 to reach USD6.7bn. These industries are key beneficiaries of the current abundance of natural gas in Egypt, as it is one of their main inputs. The Minister referred to the government’s current strategy to completely modernize the petrochemical industry by 2030 as a key growth driver for the years to come. He highlighted recent projects in the industry that have been implemented, such as the Red Sea Petrochemical Complex in the Suez Canal Economic Zone, the “Silicon Valley” Complex, and el-Alamein Complex, as proof of the government’s push to revitalize and develop this industry.

(Source: Zawya (English), Egypt Today (English), Amwal al-Ghad, al-Ahram, al-Youm al-Saabe, al-Masry al-Youm, Sada el-Balad, al-Sharq al-Awsat, al-Arabiya)