Apicorp seeks doubling investments by 2015

10 May 2011

(MENAFN) The Arab Petroleum Investments Corporation’s (Apicorp) Chief Executive and General Manager, Ahmad bin Hamad Al Nuaimi, said that the company’s coming five-year plan would end up with increasing the company’s direct investment portfolio by a hundred percent, reported The Peninsula.

Al Nuaimi said as the company is planning expansion in shipping, petroleum tank farms, refining and infrastructure.

Al Nuaimi said that the company was able to take advantage of certain opportunities that were available despite the downturn in the financial market globally. The company had investments in 2010 at a total of USD320 million.

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