Advanced Petrochemical Company
Sector: Real Estate & Construction
Date of Establishment: 2005
President and CEO: Fahad Salem Al Matraﬁ
Market Value: $4.7 billion
The Advanced Petrochemical Company manages an integrated complex in Al-Jubail city to produce Propylene & Polypropylene. In April 2021, the company signed engineering, procurement, and construction contracts worth $485 million with Tecnimont S.p.A and Tecnimont Arabia Ltd. for the construction of two PP Plants in Jubail II, Saudi Arabia. It also signed procurement and construction contracts worth $1.2 billion with Samsung Engineering Co., Ltd. and Samsung Saudi Arabia Co., Ltd. for the construction of a PDH Plant in Jubail II.