CAIRO, Oct 22 (Reuters) - Egypt's Suez Canal Authority said on Wednesday it had signed a $2 billion strategic partnership agreement with Anchorage Investments to establish a petrochemical complex in Ain Sokhna, Egypt.

The first phase of the project aims to primarily produce polypropylene along with hydrogen.

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In a later phase, estimated to cost an additional $4.5 billion, Anchorage Investments would add complementary plants to produce other petrochemicals mainly intended for exports.

The statement did not give further details on the partnership or a timeline for the project.

https://www.reuters.com/business/energy/egypts-suez-canal-authority-signs-2-billion-petrochemical-complex-deal-2025-10-22/