07-10-05 The Emirati businessman Muhammad Alitaiba has held talks with a number of Saudi businessmen to create an investment company in the Kingdom that works on oil.
Alitaiba told that his company, specializing in the field of oil, is conducting studies in the field of discovery to come into the Saudi market. He wants to enter the market with Saudis that might add to the company's benefit.

He also stated his surprise at the limited number of oil companies in the Gulf markets, and the low investments in oil products.
He stressed the importance of allowing the Gulf companies to enter the field as do the foreign companies.