Saudi Arabia’s Eastern province is experiencing an industry boom, according to Minister of Trade, Hashim A. Yamani. Close to 40 new Dammam project licenses have already been issued this year, the majority of which are petrochemical support ventures, reported Arab News.
Business experts predict that the liberalization policy adopted by the Kingdom will yield positive results with many foreign investors showing keenness to join their Saudi counterparts in setting up new joint ventures, particularly in the petrochemical sector. — (menareport.com)
© 2004 Mena Report (www.menareport.com)
