Middle East Economic Survey

VOL. XLVIII

No 46

14-November-2005

SAUDI ARABIA

Arabian Petrochemicals Signs Synthetic Leather Distribution Deal

SABIC announced on 31 October that its subsidiary Arabian Petrochemicals Company (Tayf) had entered into a contract with a major local company to distribute 1mn linear meters (lms) per year of Tayfs synthetic leather product. This agreement is of great importance given the sizeable challenges and strong competition arising from similar imported products, said...