Middle East Economic Survey

VOL. LII

No 7

16-Feb-2009

SAUDI ARABIA

Saudi And German Companies Sign MOU For Bahrah Aluminum Plant

Construction Products Holding Company (CPC) of Saudi Arabia and Herman Gutmann Werke of Germany (a member of ALCO Group) on 7 February signed a memorandum of understanding (MOU) to set up in Bahrah, near Jiddah, a SR350mn ($93mn) aluminum extrusion facility and aluminum composite panel production line. According to CPC Director of Business Development Faisal al-'Aquil,...