SAUDI ARABIA

NIC to Set up Service Affiliate 

The National Industrialization Company (NIC) of Saudi Arabia is in the process of setting up a 100% owned affiliate to participate in Saudi Arabia's expanding operations and maintenance sector. The new affiliate, to be known as the National Industries Services Company (NISC), will have an initial capital of SR30mn ($8.2mn) and will invite foreign participation in maintenance contracts for refineries, petrochemical plants, and power and...