Middle East Economic Survey

VOL. LIV

No 1-2

3/10-Jan-2011

SAUDI ARABIA

Saudis Accelerate Multi-Billion Dollar Downstream Drive

The first half of 2011 is likely to be a watershed period for the Saudi refinery and petrochemical sector, with state-owned Saudi Aramco set to make key investment decisions and award contracts on a raft of flagship projects worth $45-50bn. To allow the critical final investment decisions (FIDs) on this next generation of Saudi petrochemical projects to go...