Middle East Economic Survey

VOL. XLVIII

No 43

24-October-2005

SYRIA

Syrian-Saudi Investors To Set Up Petrochemicals Company

A group of Syrian and Saudi investors has agreed to set up a joint venture shareholding company capitalized at S1.700bn ($33mn) to invest in petrochemicals, according to press reports. The new venture, to be known as the Syrian Saudi Chemicals Company, intends to build a plant in Aleppo to produce caustic soda and chlorine, with a capacity of 25,000 tons/year, starting in...