VOL. XLIV
No. 06
5-February-2001
SAUDI ARABIA
Saudi-Backed Venture LaunchesPolyester Project In Egypt
A new project to build a $550mnpolyester plant in Alexandria was launched last month by the Saudi EgyptianPetrochemical Company (SEPCO), a Saudi backed joint venture. SEPCO痴 Chairmanand Managing Director Ahmad Badib told Asharq al-Awsat that the EgyptianGeneral Petroleum Corporation (EGPC) intends to acquire a 10% stake in theproject and that the company will shortly invite investors from Saudi...
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