Sadara's manufacturing units attract $1.5 bln in investments

Sadara Chemical Co.’s (Sadara) manufacturing units have attracted nearly $1.5 billion during the current finanical period, London-based Asharq Al-Awsat newspaper reported, citing Mohammad Al-Azzaz, the company's director of value parks.

Sadara is also establishing a new zone to attract tech firms and other companies that provide specialty products, Al-Azzaz said, adding that projects signed so far have created 1,500 job opportunities.

The chemical company is 65 percent owned by Saudi Aramco and 35 percent-owned by the US-based Dow Chemical Co., according to the data available on Argaam.

Sadara's complex is the world’s largest chemical facility, with 26 integrated world-scale manufacturing plants. The complex is expected to become fully operational by the end of this year.