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US Ex-Im bank Approves $5bn Loan For Saudi Petrochemical Complex (Sadara)
Published on Monday, 01 Oct 12:38 pm
The US Export-Import Bank has approved a record-breaking $4.975bn direct loan to help build a petrochemical complex in Saudi Arabia. The loan to Sadara Chemical Company is the biggest in the bank’s history and will support more than 18,000 American jobs across 13 states. It will allow Sadara to buy goods and services from around 70 American exporters, including KBR, ABB, Dow Chemical and more than 20 small businesses.
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