15 February 2009
DAMMAM: Mohammad Al-Mojil Group (MMG) has signed a letter of intent with Arabian JGC Company to implement a SR408 million project.

MMG Managing Direct Fahad Ali Al-Raqtan who announced this said MMG would undertake the construction work of National Philips Chevron's ethylene project units belonging to Saudi Polymers Company at a cost of SR408.7 million.

The final contract is expected to be concluded in the coming months, he said, adding that MMG has already started preparatory works at the proposed project sites. The target date for the completion of the project is in mid-2011.

© Arab News 2009