Samsung Engineering signs $650m deal to build petrochemical plant in Jubail Industrial City II ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News
Samsung Engineering Company, a leading engineering, procurement, construction and project management (EPC&PM) company, has signed a $650 million deal to build a petrochemical plant at Jubail Industrial City II in Saudi Arabia, it has been announced. According to a bourse filing, the contract was awarded by Advanced Global Investment Company, a subsidiary of Saudi Arabia’s Advanced Petrochemical Company. As per the details of the deal, Samsung Engineering will build a propane dehydrogenation plant and utilities and offsites at Jubail Industrial City II on Saudi Arabia’s eastern coast, the filing said. Set to be completed in 2024, the plant will produce 843,000 tonnes of propylene per annum wi

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