VOL. XXXII

NO. 40

10-JULY-1989

SAUDI ARABIA

SABIC Seeks Chemical Joint Ventures in Europe

The Vice-Chairman and Managing Director of the Saudi Basic IndustriesCorporation (SABIC), Mr. Ibrahim ibn Salamah, has disclosed that SABIC isplanning to invest in large chemical projects in Western Europe in a bid toexpand its activities there. Speaking in London last week, Mr. Salamah said thatSABIC, the industrial corporation which was set up to invest in petrochemical,chemical and mineral projects in the...