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Sauid's SIIG Announces Development Of Bio-Protein Production Project With Unibio

ReutersMar 15, 2026 12:54 PM

March 15 (Reuters) - SAUDI INDUSTRIAL INVESTMENT GROUP SJSC 2250.SE:

ANNOUNCES DEVELOPMENT OF A DRY GAS-BASED BIO-PROTEIN PRODUCTION PROJECT IN JUBAIL INDUSTRIAL CITY WITH UNIBIO
INITIAL TOTAL ESTIMATED COST OF THE PROJECT IS SAR 1.4 BILLION.
CONSTRUCTION OF PROJECT EXPECTED TO BEGIN DURING 2ND HALF OF 2026
OWNS 80% OF THE PROJECT, WHILE UNIBIO PLC OWNS 20%
EXPECTS CONSTRUCTION OF PROJECT WILL BE COMPLETED DURING H2 OF 2027
PARTNERS OBTAINED AN ALLOCATION OF DRY GAS FROM THE MINISTRY OF ENERGY AS FEEDSTOCK FOR THE PROJECT

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