Dubai Investments buys part of Saudi chemical firm
United Arab Emirates-Saudi Arabia, Business, 7/24/1998
Dubai Investments said on Tuesday that it had taken a 7.5 percent stake in a Saudi Arabian chemical venture, the first industrial investment made by the Dubai holding company outside the United Arab Emirates.
Majority Saudi - owned Al-Jubail Chemical Industries Co would initially produce epoxy resin from a 682 million riyal ($181 million) chemical plant, a Dubai Investments official said.
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