Doha: The Export-Import Bank of South Korea will provide $400m to the Sadara project, a joint venture between Saudi Aramco, the largest oil company in the world, and the American Dow Chemical Company.
The project, worth $19.3bn, to construct facilities for the manufacturing of up to 3m tons of petrochemical products a year will take place at Jubail industrial city in eastern Saudi Arabia.
Nearly 80 Korean companies are involved in the project, including Daelim Industrial, which won a deal for engineering, procurement and construction worth $2.2bn. [15/05/13]
