Middle East Economic Survey

VOL. LII

No 35

31-Aug-2009

SAUDI ARABIA

Saudi Petrochemicals Outlook Promising Despite Recent Problems, Says Samba

The collapse in global demand for industrial chemicals has eaten into the profitability of the Saudi petrochemicals sector, while the squeeze on bank credit has led to a number of smaller projects being put on hold, according to Samba Financial Group. Nevertheless, in the late August report Saudi Petrochemicals Sector: Current Situation And Future Prospects,...