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SABIC Donates SR 80 million For Small and Medium Mineral Projects - ASHARQ AL-AWSAT English Archive
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Riyadh, May 23, SPA — Saudi Arabian Basic Industries Corporation (SABIC) has donated SR 80 million for the scheme of small-scale and medium-scale mineral activities and petrochemical-based establishments.

This donation came within the framework of the existing cooperation between the Ministry of Petroleum and Mineral Resources and the companies working in the field of petrochemicals.

The Centennial Fund and the National Commercial Bank (NCB) also provided a sum of SR 70 million to help this scheme, taking the total finance to SR 150 million.

According to the initial survey conducted by the Saudi Arabian General Investment Authority (SAGIA), this scheme will contribute to establishment of 280 projects for citizens.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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