According to an article in Amwal al Ghad, Ahmed Helmy, Chairman of Sidi Kerir Petrochemicals (Sidpec) [SKPC.CA] has announced that the company plans to establish an ethylene plant in Port Said city and targets finalising the construction of the project by end of 2018. Helmy added that the estimated investment cost of the project stands at USD600 million and will have an annual capacity of 200,000 tonnes per year (tpy). The project is expected to commence operations during 2019 and has already received financing offers from i) National Bank of Egypt (NBE); ii) Commercial International Bank (CIB) [COMI.CA]; iii) Bank Misr; and iv) Egyptian Gulf Bank (EGB) [EGBE.CA]. (Amwal Al Ghad)   Sidi Kerir: EGP11.80 as of 06 January 2016, Rating: Buy, FV: EGP18.00 per share, MCap: USD791 million, SKPC EY / SKPC.CA CIB: EGP38.03 as of 06 January 2016, Rating: Buy, FV: EGP44.43 per share, MCap: USD5,571 million, COMI EY / COMI.CA Egyptian Gulf Bank: USD1.40 as of 06 January 2016, Rating: Neutral, FV: USD1.60 per share, MCap: USD358 million, EGBE EY / EGBE.CA