Middle East Economic Survey

VOL. LIV

No 19

9-May-2011

Contractors Prepare For Saudi Mega-Project Amid Mounting Uncertainty

Engineering firms are gearing up to bid to build the proposed $20bn petrochemical complex at Jubail 2 in Saudi Arabia, which brings together Saudi state oil firm Saudi Aramco and US petrochemicals firm Dow Chemical. However, the tender process is proving fraught, and a final investment decision (FID) is yet to be made.

The Dow/Saudi Aramco joint venture, the largest...