Cairo – Mubasher: Egypt-based Carbon Holdings has announced that it will commence the construction of a new pier, as well as developing al-Sokhna-1 jetty between the ports of al-Sokhna and Adabiya at a combined value of $500 million, the Red Sea ports authority’s chairman Hesham Abu Senna said.
With a length of 400 metres, the pier is considered the first step of building Carbon Holdings’ Tahrir Petrochemical Complex, he added.
Spanning an area of 5 million metres, the total investments of the Egyptian petrochemical firm’s megacomplex amounted to $11 billion, local newspaper Al Shorouk reported.
The Red Sea ports authority approved that Carbon Holdings will utilise the pier in receiving ships that will bring the raw materials of the complex.
