VOL. XL

No. 28

14-July-1997

SAUDI ARABIA

SABIC To Build Port Facilities For Petrochemicals At Yanbu

The Saudi Basic Industries Corporation (SABIC) and the Saudi Ports Authority on 1 Julysigned an agreement under which the former will build berth and support facilities tohandle and store liquid chemicals at the King Fahd Industrial Port at Yanbu on the RedSea. The project, which will cost an estimated SR338mn ($90mn), will be managed by SABICTerminal Services Company (SABTANK), an affiliate of...