Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Sidi Kerir Unit Gets 5 Offers for Ethylene Project, Al Mal Says

Egyptian Co. for Ethylene Production, a unit of Sidi Kerir Petrochemicals Co., received five offers for construction of a polyethylene plant, Al-Mal reported, citing Ahmed Helmi, the unit’s chairman.

The company has government approval to obtain a bridge loan of $240 million, part of total loan finance of $1.25 billion sought for the project, the newspaper said. The plant, which will have a capacity of 400,000 tons a year, will be built in the coastal city of Alexandria, Al Mal said.

Egyptian Co. will sign in a few days an agreement with five local banks for the $1.25 billion, including National Bank of Egypt, Commercial International Bank of Egypt, Arab African International Bank, Banque du Caire and Banque Misr, the newspaper said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.