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Business & Money | Friday 9 August, 2024 11:02 am |

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Sipchem signs $190M EVA project contract with Korean company

Sahara International Petrochemical Co. (Sipchem) signed today, Aug. 8, a $190 million (SAR 713 million) contract with South Korean engineering, procurement and construction (EPC) company SGC E&C Co. Ltd. to build the former’s petrochemical facility, Yonhap News Agency reported.

The scope of work entails setting up Sipchem's ethylene vinyl acetate (EVA) production facility in Jubail Industrial City, Saudi Arabia.

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