Saudi Aramco and TotalEnergies announced the construction of an $11 billion petrochemical complex in Jubail Industrial City. This ambitious project aims to significantly boost Saudi Arabia's industrial output and enhance the nation's position in the global petrochemical market. 🌍

The construction of the complex is expected to begin in early 2025, following the official announcement made in September 2024. The project aims to be operational in the coming years, contributing significantly to Saudi Arabia's industrial output.

The complex is expected to produce a range of high-demand products, supporting the Kingdom's economic diversification efforts. 📈 This initiative aligns with Saudi Arabia's Vision 2030, focusing on reducing dependence on oil revenues and fostering sustainable development. 🌱 The partnership is set to create thousands of jobs and attract further investments in the region. 💼

Photo by totalenergies.com