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FINANCIAL NEWS
Saudi’s Vision 2030 impacts industrial firms to promote ventures
08 May 2016
(MENAFN) Saudi Arabia’s Vision 2030 inspired main petrochemical and oil firms in the GCC, like Saudi Aramco, SABIC and EQUATE to spread investments outside the Arabian Gulf.
Moreover, Saudi Aramco started to focus on Asia in an effort to realize its ambition to become an internationally leader in the energy and chemicals sector by 2020.
Meanwhile, the firm is planning to build a new refinery in India, and is considering the establishment of factories in Indonesia, China, Vietnam and Malaysia.
On the other hand, Aramco is also boosting its success abroad via USD 12bn deal in order to establish a strong alliance and equal ownership in the German Lanxess firm.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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