International Projects in Saudi Arabia Saudi Chemical Industry Plans Further Invests
Saudi–Arabia's chemical industry is expanding at a rapid scale: Sadara just signed a multi-billion energy cooperation and Sabic plans a new joint–venture for polyethylene in Asia.
Ryad/Saudi Arabien – Saudi Arabia's Sadara just signed a US $ 3.77 billion deal with Saudi Electricity to supply electric power to its world scale complex in Jubail Industrial City on a 20 year renewable term. Sadara is a US $ 20 billion joint venture between state-oil giant Saudi Aramco and Dow Chemical Company.
Further, Sabic, a Saudi supplier of basic chemicals has joined a cooperation with SK global Chemical of Korea to form a US $ 640 million polyethylene JV. Production assets will be based in Singapore, the two companies stated.
Find out more about the Arabian mega-projects: