Tags: APFN | EU | Britain | Ineos | Saudi Investment

Britain's Ineos to Invest $2 Billion in Saudi Plants

Monday, 03 June 2019 06:39 AM EDT

MADRID (AP) — British petrochemicals maker Ineos is investing $2 billion to build three plants in Saudi Arabia, as western companies appear to be shedding their reluctance to do business with the kingdom following the killing of Washington Post columnist Jamal Khashoggi by Saudi agents in Turkey last year.

Global outcry over the killing of Khashoggi, a critic of Crown Prince Mohammed bin Salman, prompted leading Western CEOs and officials to back out of the prince's flagship investment forum in October.

The U.S. Congress has blocked about $2 billion in arms sales to Saudi Arabia in the past year, although the Trump administration is trying to work around Congress to supply arms to the kingdom.

The new Saudi plants are part of a partnership with Saudi Aramco and France's Total.

© Copyright 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
British petrochemicals maker Ineos is investing $2 billion to build three plants in Saudi Arabia, as western companies appear to be shedding their reluctance to do business with the kingdom following the killing of Washington Post columnist Jamal Khashoggi by Saudi agents...
APFN,EU,Britain,Ineos,Saudi Investment
129
2019-39-03
Monday, 03 June 2019 06:39 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved