YANBU NATIONAL PETROCHEMICAL COMPANY (YANSAB, AN AFFILIATE OF THE SAUDI ARABIAN BASIC INDUSTRIES CORPORATION (SABIC) HAS RECEIVED THE MIDDLE EAST'S PETROCHEMICAL PROJECT FOR 2006 PRIZE, IT WAS REPORTED HERE TODAY. A PRESS STATEMENT, ENG. MUTLAQ BIN HAMAD ALMIRSHED, SABIC'S VICE-PRESIDENT CORPORATE FINANCE AND CHAIRMAN OF THE BOARD OF DIRECTORS OF YANSAB, WHO RECEIVED THE PRIZE AT A RECEPTION HELD IN BAHRAIN THE DAY BEFORE YESTERDAY, SAID THE SR13.125 BILLION WORTH OF YANSAB OPERATION IN 2006 WAS CONSIDERED THE COMPANY'S MOST GIGANTIC PROJECT EVER.