Middle East Economic Survey

VOL. XLIX

No 9

27-February-2006

SAUDI ARABIA

Saudi Arabias Al-Kayan Petrochemical Project Costs Estimated At Over $5Bn

Al-Kayan Petrochemical Companys proposed petrochemical complex is expected to cost over $5bn, up from the originally estimated figure of $3.5bn, which includes $2.6bn in debt (MEES, 28 February 2005), MEES understands. While the advisory group has not arrived at a final figure on the likely cost, it is certain that the price will increase considerably...