Zaki Hashem advises Shard Capital Partners LLP on Framework Agreement for Egypt’s USD 7 billion petrochemical complex

Zaki Hashem, Attorneys at Law, is pleased to announce its role as legal advisor to Shard Capital Partners LLP in the signing of a landmark implementation Framework Agreement with Egypt's Ministry of Petroleum and Ministry of Investment. This Agreement, announced today at the EGYPES Conference, paves the way for a USD 7 billion petrochemical manufacturing complex in Egypt.

Strategically located in the New Alamein Industrial Zone, Matruh Governorate, the state-of-the-art facility will play a key role in Egypt’s industrial growth and economic diversification. As a fully private-sector-led petrochemical complex, the project is backed by British, Emirati, and Saudi investors.

Zaki Hashem is pleased to have advised Shard Capital Partners over several years on this mega Project and on the complex legal matters related to it, including but not limited to engagements with various ministries, governmental bodies, potential investors, suppliers, contractors, and service providers, as well as working on the multijurisdictional corporate structure.

Our team of lawyers advising Shard Capital Partners was led by Yasser Hashem, Managing Partner, and Nour Ossama, Senior Associate. "We are honored to have played a significant part in Shard Capital Partners’ transformative venture. This project represents a key milestone not only for Shard but also for Egypt’s economic future. We look forward to continuing our partnership with Shard as they advance this important initiative to its successful realization," said Yasser Hashem.