Saudi to invest in Azerbaijan’s petrochemical industry

12 Dec 2013

(MENAFN) Saudi Arabia has announced its plan to invest in Azerbaijan”s petrochemical and refining industry, the head of Saudi Arabian General Investment Authority Abdullatif Al Othman said, according to Saudi Gazette.

Al Othman said: “Azerbaijan is an economically developed country and there is every opportunity for the expansion of cooperation in many spheres including tourism and within socially oriented projects.”

He added that Saudi entrepreneurs will take advantage of investing in all Azerbaijan sectors as has strong economy, a step towards strong bilateral relations between the two countries.

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