NO. 48


Saudi Arabia

Chiyoda Awarded Letter of Intent for SAFCO's Fertilizer Plant

The Saudi Arabian Fertilizer Company (SAFCO) has awarded Chiyoda Corporationof Japan and its local affiliate Saudi Petrostar a letter of intent for acontract worth some $312mn to build a new fertilizer plant at Jubail with acapacity of 1.2mn tons/year of ammonia and urea. The contract on a lump sumturnkey basis is yet to be finalized. The letter of intent was awarded at theend of July...