Built to inform

Sign up for the daily newsletters

No, Thank you

China bottling giant Pan-Asia unveils $1bn facility in Saudi Arabia

The supplier of Pepsi and Watson's will develop the facility under the Vision 2030 and Belt and Road Initiative programmes

China's Pan-Asia Pet Resin will develop a $1bn plant in Saudi Arabia [representational image].
CW Archives
China's Pan-Asia Pet Resin will develop a $1bn plant in Saudi Arabia [representational image].

China’s Pan-Asia Pet Resin, a polyethylene terephthalate bottle supplier, has launched a project within Saudi Arabia’s Jazan City for Primary and Downstream Industries.

The $1bn (SAR4bn) development was announced at Future Investment Initiative, held in Saudi Arabia last year, and is the first Chinese project within the Saudi Arabian industrial hub.

More than 570 jobs will be created through the project of the Chinese company, which has long-term partnerships with beverage producers such as Coca Cola, Pepsi, Master Kong, and Watson’s.

Pan-Asia’s project is being implemented as part of the agreements signed between Saudi Arabia and China under the umbrella of Vision 2030 and the Belt and Road Initiative, according to the kingdom’s state-owned press agency, SPA.

An Arabic-language report by SPA stated that the facility would produce 1.25 million tons of purified terephthalate acid each year, in addition to 500,000 tons of DDT Pet, with product launch expected in 2020.

According to its website, Pan-Asia Pet Resin is a subsidiary of the Singapore-listed Full Apex Holdings.

Most popular

Awards

CW Oman Awards 2019: Deadline closes on 29 January
Want recognition for your work in the sultanate's construction sector? Enter the Construction Week Oman

Conferences

Leaders Kuwait 2018: New Kuwait 2035 needs smart city-led contracts
Localisation and contract modernisation are essential for Kuwait's diversification strategy
Construction Week's Leaders Kuwait 2018 summit opens
Speakers from Kuwait's Supreme Council for Planning and Development and CSCEC ME are at today's

Latest Issue

Construction Week - Issue 727
Feb 03, 2019