Arab FinanceWalid Jamal Al -Din, Chairman of the General Authority for the Economic Zone of the Suez Canal, witnessed the inauguration of the cornerstone of the “Befar) Group project for chemicals, within the scope of the industrial developer” Teda – Egypt “in the industrial zone in Sokhna, to establish a project to produce alkaline chlorine and its supplementary products with a capacity of 100 thousand tons, on an area of 400 thousand square meters in two stages, According to Statement The body.
It begins in the first stage on an area of 200 thousand square meters, provided that the second stage includes expansion on an area of 200 thousand meters, with a total investment cost of $ 500 million, equivalent to 25.5 billion Egyptian pounds, divided into two phases, at an investment cost for the first stage of 300 million dollars, and 200 million dollars for the second stage, which provides about 800 jobs, and the construction work is scheduled The project to establish the first green chemical facility in Egypt and the world; Where the project depends in its first stage on clean energy in operation.
He added that from the economic point of view, this project opens wide horizons for supplementary industries, and enhances the capabilities of the Egyptian state in securing its needs of strategic products that enter into various vital industries, as it contributes to replacing imports and reducing the import bill, and enhances the opportunities to settle strategic industries and export them to neighboring markets, especially since the factory location within the economic zone gives it the advantage of rapid access to marine ports, And from there to the various regional and global markets, pointing out that this project comes within an integrated system for extracting minerals from sea water for the manufacturer of Braum and other supplementary and nutritious industries.
For his part, Sai Ying Hoy, Supreme Vice President of Pavar, explained that the group was established in 1968, and has experience extending for more than 50 years in the fields of specialized chemicals, petrochemical, and new energy business, and its products are exported to more than 100 countries and regions around the world, as it occupies the first position in the Chinese market in a number of products, such as allele chloride, and the trio of ethylene, and the cake soda The granular, caustic soda chips, and others, stressing that the project will start as soon as possible, thanks to the strong support from the General Authority of the Economic Zone of the Suez Canal, and the cooperation of the China Africa Investment Company, as well as the contribution of many partners.
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