Saudi Arabia's SABIC to spend $3-$10 billion in acquisitions over next five years

[Hithchiker]

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//economictimes.indiatimes.com/articleshow/61837426.

DUBAI: Petrochemical producer Saudi Basic Industries Corp (SABIC) plans to spend between $3 and $10 billion on acquisitions over the next five years in specialties and agri-nutrients, chief executive Yousef al-Benyan said on Tuesday.

The group was already looking at two producers of speciality plastics with operations in Europe, the Middle East and China - and could reach a decision on them by the second quarter of 2018, Benyan told Reuters in an interview.

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[Scorpion]

I think they should focus on nano tech application and leave agri-nutrients for KACST. SABIC should not compete with another government owned institution.