Shard Capital Partners to Lead $7bln Petrochemical Complex in Egypt
Deal News | Feb 22, 2025 | Zawya
A UK-UAE-Saudi consortium, headed by Shard Capital Partners, has signed a framework agreement with Egypt to develop a $7 billion petrochemical complex in New Alamein City. The project entails collaboration between the UAE's Royal Strategic Partners and Saudi's Al-Qahtani Group, alongside the involvement of Egypt's Ministry of Petroleum and Ministry of Investment. The complex will feature an integrated production capacity of 3.1 million tonnes annually, yielding eight types of petrochemical products. In terms of employment, the complex is anticipated to generate 20,000 construction jobs and 3,000 permanent roles. Additionally, the consortium is in talks with Orascom Construction regarding potential investment under a Build, Own, and Operate (BOO) model.
Sectors
- Petrochemical Industry
- Construction Industry
Geography
- Egypt – The petrochemical complex project is located in Egypt in New Alamein City.
- United Kingdom – Shard Capital Partners, a major player in the consortium, is based in the UK.
- United Arab Emirates – The UAE's Royal Strategic Partners is part of the consortium developing the petrochemical plant.
- Saudi Arabia – Saudi Arabia's Al-Qahtani Group is part of the consortium involved in the project.
Industry
- Petrochemical Industry – The proposed complex will produce petrochemical products, categorizing it within the Petrochemical Industry.
- Construction Industry – The article mentions potential investments in construction for the petrochemical complex, directly involving this industry.
Financials
- $7 billion – The total planned investment for the development of the petrochemical complex.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Shard Capital Partners | Lead Firm | Company | A London-based financial services firm leading the consortium for the petrochemical project. |
| Royal Strategic Partners | Consortium Member | Company | A UAE-based participant in the consortium planning the petrochemical complex. |
| Al-Qahtani Group | Consortium Member | Company | A Saudi-based company that is a member of the consortium involved in the project. |
| Orascom Construction | Potential Investor/Partner | Company | In discussions with the consortium for potential investment and involvement under a BOO model. |
| Ministry of Petroleum and Mineral Resources | Government Body | Government | Egyptian government entity involved in the agreement for the petrochemical complex. |
| Ministry of Investment | Government Body | Government | Another Egyptian ministry involved in the collaboration for the petrochemical project. |