Egypt Shortlists Four Global Firms for $2 Billion Industrial Project

Egypt Shortlists Four Global Firms for $2 Billion Industrial Project

Egypt's Anchorage Investments, which develops, implements, and operates industrial projects in the chemicals and blue hydrogen sectors, has shortlisted four international contractors in the second phase of the EPC (engineering, procurement, and construction) tender for the Anchor Benitoite project.

The USD 2 billion project comprises a chemicals complex that will be built in the industrial zone of the General Authority for the Suez Canal Economic Zone (SCZONE) in Egypt.

The four shortlisted companies are HYUNDAI Engineering & Construction Co., Ltd. (HDEC), SAMSUNG Engineering Co., Ltd. of South Korea, TECHNIP ENERGIES, S.p.A. of Italy, and TECNICAS REUNIDAS, S.A. of Spain. Each company is experienced in the applications of propane dehydrogenation (PDH) and polypropylene.