Middle East Economic Survey
Saudi Kayan Awards $325mn HDPE Plant Contract To Daelim
Saudi Kayan Petrochemical Company, a unit of Saudi Basic Industries Corporation (SABIC), has awarded a $325mn contract to South Koreas Daelim for construction of a high density polyethylene (HDPE) plant in the Al-Jubail industrial complex. Daelim announced the agreement on 20 October in a filing to the Korea Stock Exchange. The plant will have capacity to produce 400,000...