The delay of contractors in accomplishing their works in phase two of "Rabigh" project owned by Rabigh Refining & Petrochemical Company (Petro Rabigh), for nine months behind schedule led to additional costs by around SAR 1 billion, according to a local gazette.
The "Rabigh" project was planned to be handed over by early 2016, Arriyadh newspaper reported.
However, the company announced the completion of all construction works in the project in September 2016, thus it will commence operating the project's units gradually as of the second half of next year.
The project's total costs thus rose to SAR 31 billion from SAR 30 billion.
