Middle East Economic Survey
Tasnee-Sahara Project Secures $1.4Bn Loan From Saudi Banks
National Industrialization Company (Tasnee) and Sahara Petrochemicals Company said that they have secured a SR5.25bn ($1.4bn) 16-year loan from nine Saudi banks for an acrylic acid and derivatives project. The deal was signed on 21 December. Located at the Tasnee petrochemicals complex in Jubail the project is planned for start-up in the first quarter of 2013. It is...