President Abdel Fattah El Sisi has been briefed on the details of the national petrochemicals complex to be established by the Egyptian petroleum sector in partnership with the US Bechtel Group at the Suez Canal Economic Zone (SC Zone) with investments worth $7.5 billion.
This came as President Sisi received Brendan Bechtel, Chairman and CEO of Bechtel Group, Inc. in the presence of Prime Minister Moustafa Madbouli and Minister of Petroleum and Mineral Resources Tarek el-Mulla, and Head of the Egyptian General Intelligence Service Abbas Kamel.
The meeting reviewed Bechtel’s activities in several sectors in Egypt over five decades.
President Sisi welcomed the Bechtel chief, and reiterated the depth of co-operation and the extensive strategic partnership between Egypt and the US in all fields. He also expressed keenness to boost bilateral ties in a way that would help achieve the common development goals, Presidency Spokesman Ambassador Bassam Radi said.
Radi added that President Sisi directed the government to continue coordination and co-operation with Bechtel in order to develop its activities in Egypt, especially in the fields of transport and energy, in light of the US company’s broad expertise and the overall stability Egypt enjoys, as well as its modern infrastructure and world-class network of roads, axes and ports let alone the Suez Canal waterway, the most important in the world.
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