Middle East Economic Survey
VOL. XLVIII
No 11
14-March-2005
SAUDI ARABIA
SAGIA Licences Two Saudi ChevronPhillips Petrochemical Projects
The Saudi Arabian General Investment Authority (SAGIA) has issued licenses for two petrochemical projects with an investment cost of SR11.2bn ($3bn) to be implemented by Saudi ChevronPhillips. The first, costing SR4.9bn ($1.3bn), will produce 3.1mn tons/year of high and low density polyethylene, while the second project costing SR6.3bn ($1.7bn) will produce 1.3mn...
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