Riyadh - Mubasher: The chairman of Saudi Basic Industries Corporation (SABIC), Abdulaziz Al-Jarbou said that the megaproject that his company is working on with Saudi Aramco to produce chemicals from crude oil is in the design phase.
Al-Jarbou stressed his confidence in the $20 billion project, which will see SABIC and Aramco establish an industrial complex in line with the Saudi Vision 2030.
Developing high-end products is main priority to diversify the Saudi economy, the chairman added in his speech to the World Economic Forum in Davos.
