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FINANCIAL NEWS
Saudi Aramco invests USD 400mn for Ras Al-Khair facility
02 Jun 2016
(MENAFN) Saudi Aramco signed a deal with GE and Cividale SpA of Italy to build the Middle East and N. Africa’s manufacturing facility.
Moreover, making a mutual investment of more than USD 400mn, which will be located in Ras Al-Khair, aims to establish a supply chain that boosts exports.
In addition, the plant will make 2,000 quality jobs in the Kingdom and catalyze the growth of Saudi small and medium enterprises (SMEs).
The deal follows a partnership between Saudi Aramco and Cividale in order to conduct feasibility studies for forging and casting manufacturing services.
More News
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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