Under the agreement, DSI will exclusively join the international consortium of companies including Maire Tecnimont and Archirodon Group.
DSI will complete OSBL construction works and civil works which include storage facilities and ancillary buildings, as part of the AED 2.2bn ($589m) accord.
Carbon is planning to start construction of the $5bn-plus TPC Project in 2015.
Drake & Scull International CEO Khaldoun Tabari said DSI is a part of the international consortium providing the vital project which will transform Egypt’s petrochemical sector.
TPC is seeking $3.4bn of funding and loan guarantees from the Export-Import Bank of the US, The Export-Import Bank of Korea, the Korea Insurance Corporation and the Italian Export Credit Agency, SACE.
"Egypt is our key market in North Africa and the project will enable us to further strengthen our position in the country where we already have a significant presence across the Oil & Gas, Waste Water and Water treatment and Hospitality sectors," Tabari added.
The project, once complete, will include a 4 million tonne-a-year (t/y) naphtha cracker and related downstream facilities with the capacity to produce 1.4 million t/y polyethylene, 900,000 t/y propylene, 250,000 t/y butadiene, 350,000 t/y benzene and 100,000 t/y hexene-1.
