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...