Saudi Arabia’s Sadara Awarded Top Project Prize

Saudi Arabia’s Sadara Awarded Top Project Prize

Saudi Arabia won the top prize at 2017 MEED Quality Awards for Projects for the country’s massive petrochemical scheme, Sadara, which is developed by the joint venture between Saudi Aramco and Dow Chemical Company, according to Saudi Gazette.

As informed on Markets Today, the project is comprised of 26 fully integrated world scale production plants and three third-party feedstock units, all supported by extensive utilities and environmental infrastructure along 6 square kilometers. The schemes represents the largest petrochemical project ever executed in a single phase.

Sadara will produce over 3m tons/y of specialty chemical products and generate $10b in revenue annually, making it the third largest company in Saudi Arabia. Some of the facility’s products will be made in the kingdom for the first time.

For Saudi Aramco, Sadara is a move towards downstream expansion, which looks at adding value to the country’s hydrocarbon assets. Moreover, it is a maneuver to attract foreign investments to boost the kingdom’s economy. As for Dow Chemical, the project is an opportunity to expand the company’s market in the Middle East, Africa, and Asia-Pacific.

Mariana Somensi 890 Posts

Mariana holds a Journalism Bachelor Degree from the State University of Londrina, Brazil. The Brazilian journalist has 4 years of experience on the MENA region's affairs and over a year of experience on the oil and gas industry.

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