The country is highly dependent on petrochemicals imports and the ambitious petrochemical professional plan is partly aimed at balancing the countrys trade deficit by way of improving exports and lessen the dependence on imports, particularly for consumption of plastics, which is growing rapidly. In 2002, the Egyptian government launched a 20-year program to increase investiture in the petrochemicals sector to US$4.5bn. Overall, the government wants to see 24 young petrochemical production facilities built, which provide produce 15mn tons by 2022 and generate revenues of around US$7bn per annum. It expects these projects to create up to 100,000 new jobs. Six sites have been earmarked for new petrochemical production facilities: El Beheira; Kafr El-Sheikh; El-Dakhalia; Damietta; Ismailia; and Suez.These will include an integrated, full-service economic zone complete with infrastructure... If you want to throw a full essay, order it on our website: Orderessay
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