Feb. 4 (Bloomberg) -- Saudi Basic Industries Corp. is in talks with Egypt’s Industrial Development Authority to build a petrochemicals plant in Egypt, Cairo-based Al Masry Al Youm reported, citing Ismail el-Nagdy, the authority’s chairman.
Sabic is negotiating with the authority on land and the project’s location, the newspaper added, citing el-Nagdy.
--Editors: Linda Shen, Sara Marley
To contact the reporter on this story: Mourad Haroutunian in Riyadh at email@example.com
To contact the editor responsible for this story: Shaji Mathew at firstname.lastname@example.org