Middle East Economic Survey

VOL. LIII

No 1

4-Jan-2010

SAUDI ARABIA

Saudi Kayan And Daelim Sign LOI For Petrochemical Plant

Saudi Kayan Petrochemical Company, a unit of Saudi Basic Industries Corporation (SABIC) announced on 26 December that it had signed a letter of intent (LOI) with South Koreas Daelim Industrial Company for the award of an engineering, procurement and construction (EPC) contract for a 300,000 tons/year capacity low density polyethylene (LDPE) plant in Jubail. The LOI will have a...