Aziz Contracting and Services Ltd. Company recently signed a $100 million contract to establish a gas and oil pipe manufacturing factory in Dammam, according to Al-Hayat daily.
Chairman of the Board of the company, Saleh Hamadi, stated that the factory, called Aziz-Europe Pipes, would be established in cooperation with the Forest Companies Group, which will control 23 percent of the project.
The plant will produce 120,000 tons of pipes during the second half of next year; this output is to double in 2003. A portion of this quantity will be locally consumed, while the rest will be exported to the GCC states, other nations of the Middle East and to Asia. –(MENA Report)
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