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23-03-14

Saudi Aramco, US Dow to complete Sadara complex in 2015

(MENAFN) Saudi Aramco and US-based Dow Chemical are expected to complete construction work on Sadara petrochemical complex, a joint venture project between the two companies, in the middle of 2015, according to Arab News. The Jubail-based Sadara project will be the largest foreign direct investment in the Saudi petrochemical industry which cost has reached USD19.3 billion. Under the agreement between, Saudi Aramco will market products in the Middle East region whereas Dow Chemical will market 80 percent of the products in global markets.