World Economy

Saudi, Australia in Joint Projects

Saudi, Australia in Joint ProjectsSaudi, Australia in Joint Projects

Saudi investors own 74 percent of shares in 14 industrial projects jointly invested by Australian businessmen in the kingdom while 20 percent of shares go to the Australian investors, Saudi envoy in Canberra Nabil Al-Salih told local media. Saudi investors acquire 58.6 percent of 25 joint commercial projects while Australians’ share is 41.1 percent, Arab News reported.