Green energy is the future but the demand for oil and gas is here to stay: Zamil Group CEO
Oil-to-real estate investment firm Zamil Group is weighing up entering the renewable energy market, the company’s CEO Adib Al Zamil said.
“Investing in new sectors is what has kept us going as a group. We continue to look, we’re continuously looking, ” Zamil told Arab News in an interview.
The prominent family business covers a diverse portfolio of owned, joint venture, and publicly-listed companies, spanning building materials, manufacturing, offshore, petrochemicals, trade and services, and real estate and investments.
The group, founded in 1920, posted a net profit after zakat and tax of SR13.1 million ($3.5 million) for the first…