Saudi applicant invests 9.5 billion Riyals in the manufacturers of 'Jubail'

The CEO of the Saudi -advanced petrochemical ‘company, Fahd Al -Mutafi, estimated the amount of investments pumped about 9.5 billion rows in Jubail Industrial, which revealed that the final audit was underway to accurately determine the amount invested. During an interview with “Al -Sharq”, he expected the impact of the project to be reflected in the financial lists of the business, from the third quarter of this year. He noted that the project consists of a plant for the production of Propelin with a production capacity of 843 thousand tonnes annually, and another for the production of polypropylene with an annual capacity of 800 thousand tons. Al -Tarifi reported that the initial operation of one of the polypropylene production lines in the new project sold the quantities in the second quarter of this year by 20%, which contributed to a jump with net profits with more than 95% compared to the same quarter of last year.