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Saudi Chemical Maker Eyeing Houston for Americas Headquarters

  • Sabic says U.S. is focus of growth thanks to shale revolution
  • Project announced during visit by Crown Price Bin Salman

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.