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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
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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