VOL. XXXVI

NO. 25

22-MARCH-1993

SAUDI ARABIA

German Technology for SABIC's New Polyester Joint Venture

The Saudi Basic Industries Corporation (SABIC) has awarded Zimmer, theFrankfurt-based subsidiary of Lurgi of Germany, a $200mn contract to act astechnology licensor and process contractor for the new polyester joint ventureplant at Yanbu', in which SABIC has a 51.7% stake. Zimmer will carry out all itswork for the plant in Germany in association with the UK office of Bechtel, themanaging...