4:52 PM
i.abuobeid
The Saudi Basic Industries Corporation (SABIC) said Tuesday it has launched an investment project in the Netherlands direct investment in companies with innovative technologies.
The company said in a statement that it aims to "create a set of technical options for the company's business in the future that the company should implement this strategy through direct investment in companies in the construction phase and establishment and companies in the early and late stage."
The statement quoted Mohamed al-Mady, Vice Chairman and CEO of the company as saying: "This project was developed as an investment to achieve profitable growth." "We aspire SABIC to become the preferred world leader in the field of chemicals and will achieve this through organic growth through investment in new assets and the expansion of existing assets and acquisitions and do mergers in targeted areas and the development of new business joint ventures provide growth opportunities for new companies." It did not say the material cost of the project.
The company said in a statement that it aims to "create a set of technical options for the company's business in the future that the company should implement this strategy through direct investment in companies in the construction phase and establishment and companies in the early and late stage."
The statement quoted Mohamed al-Mady, Vice Chairman and CEO of the company as saying: "This project was developed as an investment to achieve profitable growth." "We aspire SABIC to become the preferred world leader in the field of chemicals and will achieve this through organic growth through investment in new assets and the expansion of existing assets and acquisitions and do mergers in targeted areas and the development of new business joint ventures provide growth opportunities for new companies." It did not say the material cost of the project.
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