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FINANCIAL NEWS
Saudi opens Vallourec plant in Dammam
16 Jan 2014
(MENAFN) Saudi Governor of the Eastern Province Prince Saud bin Naif has announced the launch of Vallourec plant for manufacturing oil and gas pipes in Dammam, according to Arab News.
The opening was under the patronage of the Minister of Commerce and Industry Tawfiq Al-Rabiah, French Ambassador Bertrand Besancenot, and Vallourec CEO Philippe Crouzet.
Al-Rabiah said: “We have 647,220 plants and 94 of them are still under construction. The total cost of these plants has reached SR800 billion and Saudization in these plants is 70 percent.”
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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