Saudi Aramco and Dow Chemicals JV to favour local Saudi Arabian contractors

15-Nov-10

The US$15 bln joint venture between Saudi Aramco and Dow Chemicals to be located at Jubail is on track and is expected to favour Saudi Arabian contractors by allocating 30% of the construction budget in their favour. This petrochem JV that has endured a few setbacks in the past, looks ready to move forward. Aramco is talking to contractors to find out unit rates and costs as it looks towards the construction phase of the huge complex.