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Mar 02, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

Business & Finance

South Korean builder wins $3.5bn order from Egypt

SEOUL : South Korea 's SK Engineering and Construction said Tuesday it has teamed up with a US engineering firm to bu

Syed Murtaza Gheblehzadeh Published September 20, 2011

carbon-holdings SEOUL: South Korea's SK Engineering and Construction said Tuesday it has teamed up with a US engineering firm to build a $3.5 billion petrochemical plant in Egypt.

The deal was signed in South Korea by executives of SK, its US partner Shaw Group and Egyptian firm Carbon Holdings, the company said in a statement.

The plant capable of producing 1.35 million tonnes of ethylene a year will be built in the Ain Sokhna industrial complex 120 kilometres (72 miles) east of Cairo, it said.

The Korean company said construction would be completed in 2016.

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USD PKR Interbank Selling / Feb 28	279.70
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USD to Swiss Franc / Feb 28	0.90
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Euro to USD / Feb 28	1.10
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France CAC40 / Feb 28	8,111.63

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Crude Oil USD/Barrel / Feb 28	69.76
Karachi Cotton PKR/37.32 KG / Feb 28	17,785
Gold 10 Grams PKR / Feb 28	257,639
Gold Spot USD/Ounce / Feb 28	2,857.83
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Petrol/Litre / Mar 2	255.63
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Beco Steel Ltd / Feb 28 Beco Steel Limited(BECO)	9.60 ▲ 1 (11.63%)
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Sanghar Sugar / Feb 28 Sanghar Sugar Mills Limited(SANSM)	49.60 ▲ 4.51 (10%)
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