VOL. XLVI

No 32

11-August-2003

SAUDI ARABIA

$20Bn Investment In 10 Giant Gas-Based Industrial Projects

The Saudi government has announced plans for the establishment of 10 giant natural gas-based industrial projects involving investment Saudi and international of around SR75bn ($20bn), using 18mn tons/year of gas. In a statement to the Saudi Press Agency (SPA), Mr Naimi said the projects, to be undertaken by SABIC, National Industrialization Company (NIC), Saudi Chevron Petrochemical and others,...