Thursday, December 13, 2007

Reliance to ramp up investments in the Gulf region

Reliance Industries plans to invest in petrochemical projects in the Gulf region in the next 10 years. The company's expansion plans include setting up a number of petrochemical plants in the next decade, each at an outlay of US$4-6 bln. For this purpose, Reliance plans to invest at its operations in Dubai, which it perceives will be the nerve centre of the company's international operations.

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