Putin says Sibur Holding eyes $1 bln petrochemical complex in Saudi Arabia

13/10/2019 Argaam

 

Russia’s largest petrochemical company, Sibur, is considering building a petrochemical complex in Saudi Arabia with more than $1 billion in investments, Al Arabiya TV has reported, citing Russian President Vladimir Putin before his visit to the Kingdom on Monday.

 

The Russian Direct Investment Fund (RDIF) has a $10 billion investment partnership with the Public Investment Fund (PIF), more than $2.5 billion already invested in projects, the President told Al Arabiya, Sky Nеws Arabia and RT Arabic.

 

Sibur is a supplier of petrochemical products to chemical, automotive and construction industries, among others.

 

Russia and Saudi Arabia have so far funded and approved bilateral projects worth $2.5 billion across several sectors, including artificial intelligence, infrastructure, transport, and medicine.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.