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China mulls petrochemical investment in Saudi Arabia

China mulls petrochemical investment in Saudi Arabia
The meeting discussed potential petrochemical investment opportunities in the Yanbu Industrial City

Riyadh – Mubasher: Head of the Royal Commission for Jubail and Yanbu Alaa Abdullah Nassif on Wednesday met with a Chinese government delegation, along with representatives from China-based Wanhua Chemical Gr Co and HQC chemicals.

The meeting discussed potential petrochemical investment opportunities in the Yanbu Industrial City and Jazan City for Primary and Downstream Industries, the Commission said on Twitter. 

By January-end, the Saudi Royal Commission had signed 13 contracts at a combined value of SAR 638.82 million ($170.35 million) to develop infrastructure and utilities in the housing, education, and electricity sectors.