Egyptian private firm Carbon Holdings has signed 48 agreements and contracts to officially launch the long-planned Tahrir petrochemicals project, to be built in the Suez Canal Economic Zone at Ain Sukhna at an estimated cost of $10.9bn.

Among the key deals were engineering, procurement and construction (EPC) contracts with Germany’s Linde, US firm Bechtel, Dutch firm Archirodon, Italy’s Tecnimont, Egypt’s Hassan Allam and Athens-based Consolidated Contractors, and land and port agreements with the Red Sea Port Authority. (CONTINUED - 917 WORDS)