Iran has unveiled details for long-awaited foreign cooperation contracts which it hopes will attract oil buyers and investors to modernise its ageing infrastructure, including offers to take part in joint ventures to extract its huge reserves.
A number of business partnerships between local and international companies were announced during Project Qatar 2014, the 11th edition of the construction, technology and building materials exhibition that concluded today (May 15) in Doha.
Global pharmaceutical manufacturers are increasingly focusing on optimizing their Middle East operations and setting up joint ventures and with regional public and private sector players, impacting the sector positively, a report said.
Saudi Arabia's Savola Group said on Tuesday it was setting up an edible oils and sugar firm with Al-Muhaidab Group.
It did not mention the capital of Savola Foods in a statement on the bourse website.
Savola would own 80 per cent