A NEW ECONOMIC STRATEGY

Indications of a new economic strategy being formulated by Saudi Arabian planners suggest the kingdom may be following, to a degree, the downstream petrochemicals route being blazed by Kuwait Petroleum Corporation. An ad hoc committee has been formed with key planners from the Saudi ministries of Finance, Industry, Planning and oil, plus experts from Saudi Arabian Basic Industries (SABIC), the Saudi Arabian Monetary Agency (SAMA) and Petromin, the state oil company.