Upcoming Mega Projects Africa

EGYPT

Project: Construct Methanol Factory
Value: USD 2,600,000,000
Client: Abu Qir Fertilizers & Chemical Industries Co. (AFC)
Website: www.abuqir.com

The factory is expected to be constructed over a 1.6m sqm plot of land within the Suez Canal Economic Zone (SCZone), and would be 70% funded through loans. The project would be implemented over two phases, with the $1.6bn first phase providing an ammonia and methanol capacity of 400ktpa and 1mtpa, respectively

The second phase, which will cost an estimated $1bn, will add new production lines of acetic acid, MTO, and calcium ammonium nitrate. Phase 1 will require total equity investment of $480m, all of which would be funded through internally generated cash. While the ownership structure of the project is yet to be announced, it was previously reported that Abu Qir Fertilizers would own 25%, while Helwan Fertilizers would own 25%, and Al Ahli Capital 50%. The timeline of the project is also yet to be determined, although it is expected that it will not be less than 4-5 years. Naeem Research views a positive development in the long-term for Abu Qir Fertilizers, especially given the advantage that the factory is likely to source the natural gas feedstock at a price of less than $4.5/mmbtu.

SOUTH SUDAN

Project: Crude Oil Refinery Plant
Value: USD 500,000,000
Client: Trinity Energy Ltd
Website: www.trinityenergyltd.com

Trinity Energy is planning to build $500m crude oil refinery plant at Paloch in South Sudan. The company has identified and secured land as well as concluded feasibility study and designs for the refinery. It has also engaged Chemex Global, an America-based full-service EPC/EPCM firm that offers a boutique service experience for modular and conventional refinery and energy construction projects as the project manager for this project.

Trinity Energy is also close to tying up project preparatory work financing from Afreximbank, which will aid in engineering and design work for the facility

The future oil facility with an initial capacity of 40,000bpd expandable to 2,00,000bpd, featuring petroleum storage facilities at Nesitu in the south region of the country, is expected to be operational in two to three years. It is planned to start distribution of refined petroleum products to Kenya, Uganda, Tanzania and the Democratic Republic of Congo by road due to the absence of railway and pipeline connectivity between these countries.

GHANA

Project: Construct Accra-Tema Beach Road
Value: USD 100,000,000
Client: Ministry of Roads and Highways
Website: www.mrh.gov.gh

The 26.6km project estimated at $100m is expected to be completed in 24 months. Lot one of the project which begins from the Black Star square in Accra to the Nungua Barrier involved the widening of the La Polyclinic to the La Beach Hotel road from a two to three lane dual carriage while the TeshieNungua road would also be widened from a single road to a dual carriage way.

Messrs China Gansu International Corporation for Economic and Technical Cooperation who would undertake Lot one of the project is expected to construct access roads and also provide modern traffic lights that would be co-ordinated into a main traffic signal control centre for Accra

Lot two of the project to be undertaken by Messrs China Major Bridge Engineering Co Ltd involved the construction of a threetier interchange at the Nungua Barrier to improve traffic flow, while the railway bridge at Sakumono would be widened to allow for a two-way traffic flow.

EGYPT

Project: True Project in East Cairo District of Nasr City
Value: USD 44,000,000
Client: EL Mansour Development
Website: www.elmansour-egy.com

El Mansour Development has introduced its TRUE project in the East Cairo district of Nasr City. The project is an integrated service project and spans over 9,900sqm.

TRUE is comprised of a ground floor which will be developed into a commercial mall, and an 11 story residential building featuring units of various areas ranging in size of between 75sqm and 120sqm. The company will begin construction work on the project in 2021, with the development to occur over six phases. At the end of the construction, the project will feature a total of 692 residential units and 136 commercial shops. The project includes a large number of services, including the Infinity Mall, which is set to be the first of its kind in Nasr City. This comes in addition to a roof garden spread out over 6,400sqm, an educational area for children, a barbecue area, a sports club, a nursery and a landscaped area of 2,400sqm

EGYPT

Project: Business Arena Commercial Project
Value: USD 32,000,000
Client: Next Home Development
Website: www.nexthome-egy.com

Next Home Development will develop a new project in the New Administrative Capital (NAC) in 2021. Spanning over 4,000sqm, Business Arena is the most recent of the company’s projects. It is the largest administrative commercial complex providing units of different areas, with customers able to make use of a range of payment methods for more than one category.

The total area of the project stands at 3,000sqm, and includes administrative buildings divided into medical complexes, administrative offices, and reception and waiting areas for customers. The administrative units are located on a total area of 1,000sqm, divided into several different areas to suit all businesses and companies. The company’s expansion strategy constantly seeks to develop business and investment opportunities through strong partnerships which will be announced soon.