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FINANCIAL NEWS
Total to build $10m facility in Saudi Arabia
02 Jun 2010
(MENAFN) Saudi Total Lubricants Company Ltd (SATLUB), a subsidiary of France?s Total, signed an agreement with Emaar, the Economic City (EEC) to establish a lubricants manufacturing facility in the Industrial Valley at the KAEC, Saudi Gazette reported.
With an initial investment of over $10 million, the facility is expected to create employment opportunities for 50 people. The new state-of-the-art fully automated facility is Total?s first plant in Saudi Arabia and will be commissioned in two years time.
With an initial annual capacity of 25,000MT of lubricants, the plant will produce automotive, industrial, marine lubricants and specialty products, serving a highly dynamic and demanding Saudi market with plans to export to foreign markets.
Saudi Arabia is the single largest lubricants market in the Arabian Peninsula and SATLUB is committed to establish a strong and long-term presence in this important market.
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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