Abu Dhabi government-owned General Holding Corporation (GHC) plans to invest up to Dh15 billion ($4 billion) in the metals and petrochemicals sector over five years as part of a diversification push, a top official said yesterday.
GHC Chief Financial Officer Mukhtar Safi also said the firm is planning to tap debt markets through a bond issue in 2012 or 2013 to finance its petrochemical investments. He gave no further details.
"We have invested Dh10 billion since 2004 and we are looking at investing another Dh10 [billion] to Dh15 billion in the coming five years," Safi told a conference.
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