Middle East Economic Survey
Yansab Granted SR4Bn PIF Loan
SABIC affiliate, Yanbu' National Petrochemical Company (Yansab) was last week granted a SR4bn ($1bn) loan by the Public Investment Fund (PIF). The Yansab project, estimated to cost around SR18.26bn ($4.87bn), will come on-stream in 2008 and produce 4mn tons/year of ethylene, propylene, polyethylene, ethylene glycol and other petrochemicals. Yansabs SR2bn ($533mn) initial public offering (IPO)...