Saudi carpet industry pushed forward
An expansion scheme for the Sareea Carpets Manufacturing Factory has recently been announced. The new project will enlarge the factory’s by over 35,696 square meter, and create a complex which will employ a total of 428 workers and produce over 35.5 million square meters of carpets and rugs yearly, according to Al-Watan daily.
Also inaugurated by the Emir of Mecca, Prince Abdul-Majid Bin Abdul-Aziz, was the Saudi Carpet Supplies Manufacturing Company. The new plant, extending over a 15,925 square meter area, will produce 146 million square meters of rugs and employ 220 workers.
In addition, two thread manufacturing factories were launched. The first project, Bahlas Industrial Thread, will produce 12,500 tons of industrial thread and 205 tons of colored thread on a yearly basis. Bahlas Polyester Thread Factory, the second of the two, will produce 4,500 tons of polyester thread. Each factory will extend over a 16,500 square meter area. Both projects are planned to employ a total of 161 workers.
These projects reflect the Saudi intention to create a favorable and diverse investment atmosphere in the manufacturing industry. Statistics estimate total investments in Riyadh manufacturing facilities at 17 billion Saudi riyals ($4.5 million). These factories employ approximately 450,000 workers. An additional 80 manufacturing plants are currently being built in the Jeddah Industrial Estate. ― (MENA Report)
© 2001 Mena Report (www.menareport.com)
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