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World News and Views :: Projects

Saudi Arabia Approves $5.6-Billion Expansion Projects at Jubail

7:26 AM MST | February 14, 2012 | Sotirios Frantzanas

Saudi Arabia's Royal Commission for Jubail and Yanbu says it has authorized previously announced chemical expansion projects totaling SR21.2 billion ($5.6 billion) at Jubail. The deals were signed by commission chairman, prince Saud bin Abdullah Thunayyan.   Al Jubail Petrochemical Co. (Kemya), a joint venture between Sabic and ExxonMobil Chemical, obtained authorization for the largest deal. Kemya's project, worth SR12 billion, will establish a manufacturing complex on an area of 32.7 hectares to produce ethylene propylene diene monomer rubber and other...

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