Despite abundant availability of cheap feedstock, the petrochemicals sector in the Middle East and North Africa (MENA) is likely to witness higher engineering, procurement and construction (EPC) costs as per the latest report by National Bank of Kuwait. The EPC costs, which include factor inputs, contractors' margins and systematic pricing of project risk by the contractor, make up as much as 70% of the total project cost.
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Tuesday, September 25, 2007
Project costs in MENA to rise despite cheap feedstock availability
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