VOL. XLVI
No 10
10-March-2003
SAUDI ARABIA
Cabinet Approves Establishment Of Industrialization And Energy Services Company
Oil Minister Ali al-Naimi announced on 4 March that the cabinet had approved the establishment of the Industrialization and Energy Services Company (IESC), capitalized at SR533mn ($142mn). Plans to set it up were announced in 2001 (MEES, 7 October 2001). Mr Naimi said the new company would be involved in industry and in providing industrial support services in the oil,...
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