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FINANCIAL NEWS
Sabic signs $126.7m construction deal
02 Dec 2010
(MENAFN) The Saudi Basic Industries Corp. (SABIC) has signed an agreement with El Seif Engineering Contracting Company, for the construction of a new SABIC Plastics Application Development Center (SPADC) at the Riyadh Techno Valley research complex at the King Saud University (KSU) campus in Riyadh, Arab News reported.
The $126.7 million contract was signed by Abdulrahman Al-Ubaid, Executive Vice President of technology and innovation, on behalf of SABIC, while Khaled bin Masa�ad El Seif, Chief Executive Officer of El Seif, signed the deal on behalf of his company.
The center will be equipped with more than 300 state-of-the-art items of special research equipment to be operated by more than 150 expert researchers.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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