Middle East Economic Survey

VOL. XLVIII

No 23

6-June-2005

Saudi Arabia

SABIC Signs LOI With Fluor For Construction Of Yansab Olefins Complex Utilities

Saudi Basic Industries Corporation (SABIC) announced on 30 May it had signed a letter of intent (LOI) with the USs Fluor to construct utilities and site facilities at the SABIC affiliate, Yanbuʹ National Petrochemicals Company (Yansab) in Yanbuʹ. The LOI was signed in the presence of SABIC Vice Chairman and CEO Muhammad al-Mady by Yansab President...