Middle East Economic Survey

VOL. XLVIII

No 25

20-June-2005

saudi arabia

Kingdom To Float $2.7Bn Of Petrochemical/Mining Ventures, Says Naimi

Saudi Arabia is to offer shares worth SR10bn ($2.7bn) in petrochemical and mining companies to Saudi investors in the first stage of a program to increase public participation in such ventures, Petroleum and Mineral Resources Minister Ali Naimi said on 13 June in remarks reported by the Saudi Press Agency (SPA). His ministry, he went on, had reached an...