In a landmark move, the Egyptian Ministry of Petroleum and Mineral Resources has partnered with UK-based Shard Capital to develop an ambitious $7 billion petrochemical complex in New Alamein City. This strategic collaboration is set to redefine the landscape of Egypt's industrial capabilities.

The Genesis of Collaboration

Announced during the esteemed Egypt Energy Show (EGYPES 2025), this framework agreement was unveiled by Minister of Petroleum and Mineral Resources, Karim Badawi. The event also saw participation from high-profile figures including the British Ambassador to Cairo, the CEO of Shard Capital, and the CEO of Saudi Arabia’s Al-Qahtani Group.

Vision for Value

The primary aim of this initiative is to enhance the value derived from Egypt's abundant natural resources by scaling up production capabilities and expanding export operations. Minister Badawi emphasized that leveraging advanced technologies in the complex will be pivotal in meeting global environmental standards while ensuring operational efficiency.

Sustainability and Community Focus

A cornerstone of the project is its commitment to sustainability. By integrating cutting-edge eco-friendly technologies, the petrochemical complex promises to maintain a minimal environmental footprint. Beyond industrial prowess, the initiative pledges substantial contributions to local community development and economic upliftment.

Broader Collaborations

In addition to Shard Capital's involvement, the partnership includes Saudi Arabia’s Al-Qahtani Group, highlighting the project's international cooperation scope.

This mega-project not only marks a significant stride in Egypt's industrial evolution but also sets a benchmark for future collaborations in the Middle East. The New Alamein petrochemical complex is poised to become a beacon of innovation and sustainability in the region.

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