Bloomberg Anywhere Login


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

May 22 (Bloomberg) -- 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.

To contact the reporter on this story: Dahlia Kholaif in Kuwait at

To contact the editor responsible for this story: Shaji Mathew at

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.