Saudi Kayan awards contracts to the tune of US$300 mln

01-Mar-07

Korea's Samsung Engineering and Britain's Simon Carves have been awarded a US$300 mln contract from Saudi Kayan Petrochemical Company, a SABIC affiliate, to build two petrochemical plants in the eastern region of Saudi Arabia. The job orders to build a 350,000 tpa polypropylene plant by Samsung are to be executed in a staggered schedule. Britain's Simon Carves is to build a 300,000 tpa low density polyethylene plant. Both plants would be built in the industrial city of Jubail.