Saudi Basic Industries Corp. proposed building a Houston headquarters for its Western Hemisphere operations as the Middle East’s dominant chemical maker seeks to capitalize on the U.S. shale boom.
Sabic, as the company is known, said a final decision will be contingent on receiving local and environmental permits, according to a statement Saturday. The announcement coincided with the final stop by Saudi Crown Price Mohammed Bin Salman on his three-week U.S. tour.
