Middle East Economic Survey
VOL. LII
No 21
25-May-2009
SAUDI ARABIA
SABIC Sees Darwinian ‘Silver Lining’ In Demand Drop
The global economic downturn has hit the plastics business especially hard and in the short term state petrochemical behemoth Saudi Basic Industries Corporation (SABIC) sees little appetite for its products from key demand centers such as the automobile industry. The firm registered a big slump in profits last year (MEES, 26 January) and its first...
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