VOL. XXXVI

NO. 15

11-JANUARY-1993

SAUDI ARABIA

Bechtel to Build SABIC's Polyester Fibers Complex

The Saudi Basic Industries Corporation (SABIC) has awarded Bechtel amemorandum of understanding for the construction of a 140,000 ton/year polyesterfibers complex in Yanbu'. The complex will be owned by SABIC, six Saudi and Gulfcompanies, and a number of banks. According to SABIC's Vice Chairman and ChiefExecutive Officer, Mr. Ibrahim ibn Salamah, the complex will comprise fourplants and will require...