Middle East Economic Survey
VOL. LII
No 33
17-Aug-2009
SAUDI ARABIA
SABIC And Mitsubishi Plan Joint $1Bn Petrochemical Plant
Saudi Basic Industries Corporation (SABIC) and Japans Mitsubishi Rayon Company on 10 August announced that they had signed a letter of intent (LOI) to establish a 50-50 petrochemical joint venture in Saudi Arabia. The LOI covers the principal terms of the proposed business, including the structure of the joint venture, technology used, marketing and feedstock supply....
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