SAUDI ARABIA

 

Ex-Im To Provide $3Bn To Sadara Petchem Project

The Export-Import Bank (Ex-Im) of the US is to provide $3bn of funding to the $20bn Sadara 3mn tons/year integrated petrochemical project, MEES understands. With a 65:35 debt/equity split Sadara will require the single biggest investment ever made in the kingdom and will need around $13bn worth of debt financing. Project sponsors Saudi Aramco and the US’s Dow Chemical had decided to maximize financing being...