Advanced Global Investment Company (AGIC), a 100% subsidiary of Advanced Petrochemical Company, has awarded a contract for construction of two PP units in a PDH-PP complex in Saudi Arabia to Tecnimont S.p.A. and Tecnimont Arabia Limited, which are subsidiaries of Maire Tecnimont S.p.A.. The parties have agreed that the project will be on an engineering, procurement and construction lump Sum turnkey basis. 

The contract is worth about $500 million. It also plant startups and a guarantee trial run. Each unit within the integrated PDH-PP complex in Jubail Industrial City II, Saudi Arabia, will have the annual capacity of 400,000 t. The project completion is scheduled for Q2 2024.