Saudi Mega-Projects: New Opportunities in Services for Saudi Arabia's Energy Industries

Published February 1st, 2005 - 03:36 GMT

Prince Mohammed bin Fahd, Governor of the Eastern Province, will present the
keynote address at a major conference hosted by the Eastern Province Chamber of Commerce and Industry, entitled Saudi Mega-Projects: New Opportunities in Services for Saudi Arabia's Energy Industries.


An unprecedented number of major industrial projects are currently underway in Saudi Arabia, from oil, gas and petrochemicals, to mining, transport and power. Jubail Industrial City II, recently inaugurated by Crown Prince Abdullah bin Abdulaziz, will alone feature 19 primary industries, plus a vast array of secondary and support industries, by its completion in 2022.
From 7th-9th May 2005 at the Chamber's headquarters in Dammam, leading industry figures will present the details of these investment projects, outlining the opportunities for Saudi companies to participate in the ventures through providing engineering, construction and manufacturing services.
Khalid Al-Falih, Senior Vice President, Saudi Aramco, will discuss Saudi Aramco's
new and future projects in oil and gas, together with some of last year's upstream gas contract winners.  Seismic surveys are currently underway in the empty-quarter - part of SR3 billion that will be invested in exploration alone for the gas ventures.


Petrochemicals is shaping up to be a key area of focus at the conference, with
confirmed speakers including Ichiro Miyawaki of Japan's Sumitomo Chemical, partners in the massive Rabigh Refinery and Petrochemical complex, Aldo Belloni of Germany's Linde AG, who will discuss their Linear Alpha Olefins project in Jubail, and Moayyed Al-Qurtas of local firm Tasnee, which last year signed an agreement with Canada's Acetex for a SR4 billion acetyls plant.


Other projects to be discussed include Saudi Arabia's SR10 billion planned railway expansion project, the SR7 billion Jalamid phosphate project and associated fertilizer development, Marafiq's challenging utility projects and the four major IWPPs being launched by SWCC and SEC.


Sponsors of the conference to date are international consultancy Booz Allen &
Hamilton, and regional heavyweight Gulf International Bank.

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