Middle East Economic Survey

VOL. XLVIII

No 30

25-July-2005

Saudi Arabia

Two New Petrochemical Projects Planned

Saudi Arabias Ministry of Commerce on 19 July issued a license for the establishment of al-Kayan Petrochemical Company. The SR3.2bn ($853mn) Riyadh-based company will invest in projects producing ethylene, propylene and ethylene glycol. Meanwhile al-Kumaisiah for Commercial Investment, a division of the Addar Group, is launching a SR9.5bn ($2.5bn) petrochemical company to be located in...