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FINANCIAL NEWS
3M to set up manufacturing plant in Riyadh
06 Mar 2014
(MENAFN) 3M, a US company based in Riyadh, will set up a manufacturing plant in Riyadh, and is expected to cost USD15 million, according to Arab News.
The new manufacturing plant will be located in the third industrial city of Riyadh, and is expected to start production in 2015.
Joaquin Delgado, executive vice president of 3M, said: “We hope to manufacture some 12 products and will increase the number depending on the local demand.”
The announcement was revealed in a meeting between Delgado and Saudi Deputy Health Minister Dr. Hamzah Al-Kosheim.
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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