Middle East Economic Survey
VOL. LIV
No 45
7-Nov-2011
SAUDI ARABIA
SABIC Creates New Venture Capital Arm
The Saudi Basic Industries Corporation (SABIC) on 1 November announced the launch of a new global corporate venture capital arm, SABIC Ventures, in the Netherlands, with the primary goal of seeking out innovative technologies and businesses consistent with the companys global strategy. According to the company statement, SABIC Ventures aims to build up a portfolio of technology options...
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