Saudi Developer Plans $1.6B Malaysian Silicon Plant

Law360, New York (April 17, 2013, 1:17 PM EDT) -- An affiliate of Project Management & Development Co. Ltd , a Saudi Arabian developer, is planning a $1.6 billion silicon manufacturing plant in Malaysia and has tapped the National Bank of Abu Dhabi to secure funds, according to a Wednesday statement.

Cosmos Petroleum & Mining Sdn. Bhd.'s plans for a massive polysilicon plant have the support of the Malaysian government and would be built on an industrial park that is part of the the country's sustainability-focused Sarawak Corridor of Renewable Energy, also known as SCORE, the...
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