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...
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