Egypt, Kuwait companies sign petrochemical, fertilizer deals

Prime Minister Ibrahim Mahlab attended on Sunday a signing ceremony between a number of Egyptian and Kuwaiti companies for petrochemical and fertilizer projects.
The deals, which were signed in the presence of Petroleum Minister Sherif Ismail, will attract 6.8 billion dollars in investment and provide 28,000 job opportunities for youths.
"They will take 5 to 6 years to start production," Chairman of the Egyptian Petrochemicals Holding Company Mohamed Saafan said.
The agreed-upon projects include two complexes for the production of propylene and formaldehyde and another complex for petrochemicals.
They will be available for investors participating in an Egyptian economic conference, slated for March.