Middle East Economic Survey

VOL. XLVIII

No 6

07-February-2005

SAUDI ARABIA

Sipchem Acetyls Complex Costs Put At $600-700Mn

Saudi International Petrochemical Companys (Sipchem) planned acetyls complex in al-Jubail Industrial City is forecast to cost $600-700mn to construct, with the debt portion making up 70% of the total, MEES understands. The bank market is expected to be approached for funding later this year. Sources likely to be tapped for money are commercial and Islamic banks and government...