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
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