Cabinet: LE 200B cost of biggest petrochemical compound in ME

CAIRO - 10 December 2018:The cabinet media center said Monday that the Al Tahrir chemical compound in Ain Sokhna costs about LE 200 billion.

In its Facebook account, the center said the project, which is the biggest in the Middle East, lies inside the the Suez Canal Economic Zone.

It added that the contract of the project was signed on June 30 and that its implementation will take five years, pointing out the project exports are expected to hit during the operation 8 billion dollars and provide 48,000 job opportunities.