Sharq has signed three major contracts with foreign companies to execute major projects in the Jubail Industrial city.

Sharq, established in 1981, is a joint venture equally owned by Saudi Basic Industries Corporation (Sabic) and SPDC, a Japanese consortium led by the government of Japan and the Mitsubishi group of companies.
The new deals were signed with Stone & Webster, Foster Wheeler Energy – United Kingdom and Linde-KCA-Dresden GMBH – Germany, for the implementation of a mega expansion project at Sharq's complex in Jubail.
The new project's full capacity is expected to go on-stream by 2008.
The contracts were signed by Tim Barfield, chief executive operations, Stone & Webster, S J Davies, chairman and chief executive of Foster Wheeler Energy, and Dr Helmut Honnicke of Linde-KCA-Dresden GMBH.
Stone & Webster will carry out the engineering, supply and construction of Ethylene Plant with a designed annual capacity of 1.3 million tonnes.
The project completion date is scheduled for the second quarter of 2008.
Foster Wheeler Energy will construct the utilities and offsite (U&O) facilities for Sharq third's Expansion Project, while Linde-KCA-DRESDEN GMBH will engineer, supply and construct the Linear Low Density (LLDPE) and high density (HDPE) polyethylene plants, with total annual capacity of 800,000 tonnes which is expected to go on-stream by the second quarter of 2008.
Sharq's first expansion project was completed in 1993 and a second expansion was completed in 2001.
Sharq's expansion project will add 2.8 million tonnes annually to Sabic's production which will exceed five million tonnes and will further enhance Sharq's position as the world's largest single producer of ethylene glycol.
This will also enhance Sabic's global ranking alongside the other global petrochemicals producers of EG.