Middle East Economic Survey

VOL. XLVIII

No 2

10-January-2005

SAUDI ARABIA

Private Sector Criticizes SABICs Preferential Price Treatment

The access enjoyed by Saudi Basic Industries Corporation (SABIC) to subsidized feedstock and the high price charged to local industrial customers are hindering the efforts of its competitors, according to Ali al-Shahri, vice-president of the Plastic and Chemical National Committee and owner of the Al-Sharq Plastic Factories. In an interview with the daily al-Hayat...