Middle East Economic Survey
SABIC Plans $6.4Bn Expansion Program
SABICs board of directors, at a meeting in the Netherlands under the chairmanship of Prince Sa'ud ibn 'Abd Allah ibn Thunayan Al Sa'ud, has endorsed an expansion program at several of its industrial sites requiring investments worth SR24bn ($6.4bn). In a statement released on 14 June, SABIC listed the projects as follows:
The construction of new petrochemical plants in Yanbu' for 3.8mn ton...