Doha: A Saudi company, KBW, based in Dubai, will own a 30% stake in a port terminal being built in the Brazilian state of Espírito Santo. The Petrocity project is slated for completion in early 2016 and will offer all sorts of onshore and offshore oil exploration and production services, in a 1.5m sq m area on the north coast of the state, in the municipality of São Mateus.
The chairman and majority stakeholder in KBW is the Saudi prince Khaled Bin Alwaleed. [07/11/13]
