SAUDI ARABIA

 

MEES Agenda

 

Sadara $20Bn Petrochemical Project Financing Advances

 

The financing for the $20bn Sadara 3mn tons/year integrated petrochemical project in Saudi Arabia’s Jubail industrial city is moving ahead. Sponsors Saudi Aramco and the US’ Dow Chemical are looking to launch sukuk, and banks recently made pricing offers on the loans they are planning to provide. Saudi Banks are expected to step up with big...