Mohammed al Mady said that it “plans to invest in companies in the U.S and elsewhere that have technology to turn shale gas into chemical products,” according to Bloomberg.
The Kingdom constructed a massive pavilion to show off business opportunities in Saudi Arabia and provide a networking platform for visitors of the expo in Hannover, Germany.
Two of the richest men in the world, and the two richest men in the United States and Saudi Arabia respectively, are teaming up through their foundations to finally eradicate polio, according to a press release.
Secretary Kerry met with Saudi Arabia’s King Abdullah, Foreign Minister Prince Saud al Faisal, U.S. Ambassador to Saudi Arabia Adel Al Jubeir, and other officials in Riyadh.
As with its labor market, domestic energy pricing needs to be rationalized to align incentives to achieve better results in terms of allocation, distribution and conservation of energy resources.
Citing industry sources, Reuters reports that “at least 160 rigs are currently deployed in Saudi territory and that the world’s top oil exporter plans to raise its rig count to 210 by the end of 2014.”
Saudi Arabia’s King Abdullah Economic City (KAEC) is set to astonish the world when completed, and it is only one of four brand new cities that will be constructed by the Kingdom in the coming years.
