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FINANCIAL NEWS
Intercoil Int. to launch plant in Dammam worth USD5.44mln
29 Aug 2017
(MENAFN) The Emirati giant manufacturer, Intercoil International had commenced operations at its new manufacturing facility in Dammam, Saudi Arabia, as it entered the kingdom with an investment worth SR20 mln marking a major milestone in the company’s growth outside the UAE.
According to the Managing Director of Intercoil International, Hassan Al-Hazeem said: “We are very pleased to have commenced operations at our new production and distribution centre in Dammam. Given its strategic location, the expansion will allow us to benefit from many opportunities that the Kingdom presents.”
However, Intercoil and Home Centre are celebrating 20-year relationship, as Home Center is a leading home retailer with a network of 100 stores across GCC, Egypt, Lebanon and India.
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