Middle East Economic Survey


No 24


saudi arabia

Mitsubishi Wins Contract For SABICs Ar-Razi-5 Methanol Plant

Saudi Basic Industries (SABIC) announced on 5 June that its 50% subsidiary Saudi Methanol Company (Ar-Razi) had awarded the engineering and construction contract for the Ar-Razi-5 methanol plant in Jubail Industrial City to Mitsubishi Heavy Industries. The project is expected to go on-stream in 1Q 2008 with a production capacity of 1.7mn tons/year. The single...