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FINANCIAL NEWS
Mexico’s Carlos Slim to invest in Saudi petchem industry: Report
22 Apr 2013
(MENAFN) Mexican telecommunications magnate Carlos Slim Helu is said to be eyeing investments in Saudi Arabia’s petrochemical industry, reported Arabian Business citing local Arabic daily Al Riyadh.
According to Al Riyadh, the world’s richest man is establishing joint ventures with Saudi private investors to set up a petrochemical project at the Kingdom’s Jubail industrial area.
The Mexican businessman selected the country due to its success in developing several industrial cities and its initiatives to draw foreign investments.
It is worth noting that Slim is estimated to be worth USD49 billion.
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BBK discloses its financial results for the year ended 31st December 2025
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BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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