Business | Investment in Saudi Arabia

Old flames rekindled

The kingdom is once again becoming fertile territory for foreign companies

|riyadh

A QUARTER of a century ago, Saudi Arabia divorced the foreign firms that had helped to build its oil industry, gaining full custody of the world's richest oilfields. Now, squeezed by the cost of a growing population, the kingdom is welcoming some old partners back. Agreements signed on June 3rd will open three Ireland-sized chunks of virgin desert to international consortia, allowing them to tap and use whatever natural gas they find.

This article appeared in the Business section of the print edition under the headline “Old flames rekindled”

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