King Salman will launch 7 multibillion-dollar projects today
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Saudi Arabia’s King Salman will inaugurate on Tuesday SAR 216 billion ($57.6 billion) worth of projects by Saudi Aramco, Sabic, and other private sector companies, according to Prince Saud bin Abdullah bin Thenayan, chairman of the Royal Commission of Jubail and Yanbu. The list below includes several local ventures, as well as tie-ups between Saudi-listed companies and international firms.
1)Sadara Chemical Company, a SAR 75 billion joint venture between Saudi Aramco and the Dow Chemical Company in Jubail Industrial City. It is considered the largest chemical complex ever built in a single phase, with 26 integrated world-scale manufacturing plants, over 3 million metric tons of capacity per year.
2)SATORP (Saudi Aramco-Total Refining and Petrochemical, a SAR 48.5 billion joint venture between Saudi Aramco and Total)