Minister of Petroleum and Mineral Resources, Karim Badawi, recently met with representatives from AIDA PetChem in Cairo to assess the ongoing progress of the $7 billion Mediterranean Petrochemicals Complex in New Alamein.
The meeting follows the signing of a Strategic Framework Agreement during the Egypt Energy Show (EGYPES 2025), which formalised the investment terms, regulatory conditions, and necessary governmental approvals to advance toward financial close and construction.
Designed to be Egypt’s first integrated petrochemicals complex, the facility will include a refinery and high-conversion mixed steam cracker unit with an annual output capacity of approximately 3.1 million tons across eight specialised petrochemical products. The project is expected to create 20,000 jobs during the construction phase and 3,000 permanent roles upon commissioning.
During the discussion, Minister Badawi emphasised the complex’s strategic alignment with the Ministry’s Energy Efficiency Strategy 2022–2035—particularly the pillar focused on maximising added value through advanced petrochemical production. The initiative is also positioned to contribute to national industrial growth, export competitiveness, and regional economic development.
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