Middle East Economic Survey

VOL. LIV

No 11

14-Mar-2011

SAUDI ARABIA

Saudi Aramco/Dow $2Bn Utilities Tender Raises Questions

State-owned Saudi Aramco and Dow Chemical have launched the utilities and offsites package for their planned $20bn petrochemical joint venture at Jubail. The proposed contracting strategy an engineering, procurement, construction and management (EPCM) reimbursable structure has not been welcomed by prequalified bidders, MEES understands.

They have introduced a lot of...