Saudi Arabia said to invest $10 bln in South Africa with focus on energy

14/07/2018 Argaam

 

Saudi Arabia will invest at least $10 billion in South Africa, mostly in the energy sector, including building oil refineries, Reuters reported, citing Khusela Diko, the spokeswomen for South Africa’s president Cyril Ramaphosa.

 

The pledge was made by Crown Prince Mohammed bin Salman during Ramaphosa’s official visit to the Kingdom, she said on Thursday.

 

“Most of it will be in the energy sector - including building refineries, petrochemicals and renewable energy,” said Diko.

 

Detail on the projects will be revealed during an investment summit expected to be held this year, she added.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read