Middle East Economic Survey

VOL. XLIX

No 8

20-February-2006

SAUDI ARABIA

NATPET-Alujain Petrochemical Project Financing Nears Completion After Clearing Obstacles

The financing for the National Petrochemical Industrial Companys (NATPET) propylene and polypropylene complex in Yanbu' is nearing completion after clearing a number of obstacles, MEES learns. NATPET hopes to reach financial close on its $410mn commercial bank loan at the end of this month. The commercial loan is being provided by mandated...