Jubail chlorine plant construction costs jump for second time

Jubail chlorine plant construction costs jump for second time
Construction costs have jumped on the new BCI chlorine plant in Jubail Industrial City. (Supplied)
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Updated 07 June 2021

Jubail chlorine plant construction costs jump for second time

Jubail chlorine plant construction costs jump for second time
  • It follows an earlier price hike to SR685 million from an original SR520 million estimated project cost and a delayed completion date blamed on disruption related to the coronavirus pandemic

RIYADH: The cost of building a new chlorine plant in the Saudi industrial city of Jubail has jumped for the second time in two years.
Basic Chemical Industries Company (BCI) said the implementation costs of its chlorine project had increased by about 9.5 percent to SR750 million from a previously estimated SR685 million.
“The reasons for the increase in costs are due to the addition of some facilities necessary for the project and the high cost of construction,” it said in a filing to the Tadawul stock exchange on Monday.
It follows an earlier price hike to SR685 million from an original SR520 million estimated project cost and a delayed completion date blamed on disruption related to the coronavirus pandemic.
Surging construction costs cause by rampant inflation across the commodities sector coupled with ongoing pandemic-related factors has sent the cost of many engineering projects soaring worldwide this year.