(ANSAmed) - ISTANBUL, MAY 4 - Saudi Arabian company Advanced
Petrochemical Company and Turkish Bayegan Group are setting a
polypropylene manufacturing site together near Adana-Iskenderun
region in Turkey, as Anatolia news agency reports. Partnership's
was announced during a press conference with the attendance of
Turkish Economy Minister Zafer Caglayan. Bayegan group works on
petroleum and petrochemical industry globally and Advanced
Petrochemical Company is a large company developing an
integrated propane dehydrogenation and polypropylene. One
billion USD investment in Adana-Iskenderun region holds 500,000
tons capacity and 500 people will be employed, Caglayan said.
"There are more than 200 Turkish businessmen in Saudi Arabia
investing and Saudi Arabians have up to 275 firms in Turkey
worth 1.5 billion USD. We are expecting to have more
partnerships like this one in future," the minister added.