VOL. XLIII

No. 17

24-April-2000

SAUDI ARABIA

Saudis NIC And Germanys BASF To Set Up $533Mn Polypropylene Plant

Saudi Arabias National Industrialisation Company (NIC) and Targour, a wholly-owned subsidiary of Germanys BASF, announced plans on 11 April to set up a joint-venture 450,000 tons/year polypropylene plant in Jubail. The project, to be completed by the third quarter of 2002, is expected to cost more than SR2bn ($533mn). A turnkey construction contract for the plant has been awarded to ABB...