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Saudi determined to boost FDI
- Saudi Arabia: Thursday, November 13 - 2003 at 07:53
Saudi Arabia has not abandonned foreign direct investment after scrapping the USD25bn Saudi Gas Initiative earlier this year. Yesterday the Red Sea refinery of Rabigh was presented for a USD4bn investment to create a huge petrochemicals complex by 2008. A statement said private and foreign investment would be sought in this landmark project.
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Peter J. CooperThursday, November 13 - 2003 at 07:53 UAE local time (GMT+4)
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This article was updated on Wed Mar 28 2007.
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