Qatari Fusion, Turkish Metcap to invest $5.2bn in Turkey

Mubasher: Turkish Metcap Energy Investments and Qatari Fusion Dynamic on Monday unveiled a plan to invest around $5.2 billion in Turkey.

Metcap Petrochemicals, the evenly held joint venture, will build a natural gas-based chemical facility in the Thrace region with $4 billion in investment, the two firms said in a joint statement on Monday.

The petrochemical company will also invest around $1.2 billion in natural gas-fuled power plants in the northwestern Kirklareli province and central Karaman province.

Mubasher Contribution Time: 09-Apr-2018 13:58 (GMT)
Mubasher Last Update Time: 09-Apr-2018 14:17 (GMT)