SAUDI ARABIA

Saudi Investment in Energy-Intensive Industries Tops $20bn, Nazer Says

Saudi Arabia has committed over $20bn for investments in energy-intensive primary industries which have been set up by the Saudi Basic Industries Corporation (SABIC) and Petromin in the industrial towns of Jubail and Yanbu' up to 1985, according to the Saudi Minister of Petroleum and Mineral Resources, Mr. Hisham Nazer. In a keynote speech delivered last week at the International Petrochemical...