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BCI, German firm sign deal for new project

BCI, German firm sign deal for new project
Located in Jubail Industrial City, the project is estimated at SAR 520 million (Photo Credit: Company Website)
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Riyadh – Mubasher: Basic Chemical Industries Company (BCI) inked on Wednesday an agreement with Germany-based ThyssenKrupp Uhde Chlorine Engineers to carry out the first phase of its chlorine derivatives project, according to a bourse statement.

Located in Jubail Industrial City, the project is estimated at SAR 520 million.

BCI signed an agreement last October with the Royal Commission for Jubail and Yanbu to allocate 200,000 square metres of land for the company’s future projects in the city.