Red Sea National Refining and Petrochemicals Company is built on an area of 3.56 million square meters within the geographical space of the Main Development Company of the Suez Canal Economic Zone, one of the most important developers of the economic zone in the southern sector of Ain Sokhna, with an investment cost of $7.5 billion. The industrial complex aims to achieve high added value in the industry, to meet the needs of the local market from the project's products, reduce the volume of the state’s imports of those products, in addition to creating export opportunities for the produced materials, and localizing this industry. This complex is one of the main pillars in the national project to transform Egypt into a regional center for oil and gas trade and commerce (Egypt as an Energy Hub).