SABIC ready for global expansions, mulls fertilizer project in Mozambique

22/01/2015 Argaam

Saudi Basic Industries Corp (SABIC) is ready at anytime to launch bigger investments in global markets, said Mohamed bin Hamad Al Mady, chief executive of the company.

The chemical producer is mulling a fertilizer project in Mozambique, he told CNBC Arabia on the sidelines of Davos 2015 in Switzerland.

SABIC is focused on expanding its foothold in Africa and opening three representative offices. It is also considering new investments in China, North America and Saudi Arabia.

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