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FINANCIAL NEWS
Japan invests USD9.07b in Saudi Jubail petrochemicals
31 May 2015
(MENAFN) Japanese investments dedicated to the Saudi Arabian Jubail’s petrochemical sector reached a total of USD9.07 billion, according to the General Manager of Strategic Planning for the Commission of Jubail, Arab News reported.
The total investment volume allocated for Jubail topped USD149.47 billion, in which USD133.7 billion for the private sector is included. The Japanese addition is praised for the technical and professional competency with which the participant firms contribute.
“We expect more investment cooperation forthcoming between the two sides, as our goal is to attract Japanese investors to take advantage of available opportunities,” a Saudi official said.
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