Middle East Economic Survey

VOL. LIII

No 20

17-May-2010

SAUDI ARABIA

Jubail Move To Cut Saudi Aramco/Dow Petchem Project Cost By $5Bn

Relocating the massive Saudi-Aramco/Dow petrochemical project to Jubail from the initially planned Ras Tanura site could cut project costs by as much as $5bn, MEES understands. The project had carried a $26bn price tag at one point, but the infrastructure already in place at Jubail will help slash this. Also, the fall in engineering, procurement and construction...