Saudi Bin Laden Group of Companies announced on Sunday the establishment of the holding company for construction materials in Syria as a Syrian – Saudi joint-stock company with a total capital of $ 170 million.
In a press conference, chairman of the company board, Mu'taz al-Sawaf said the establishment of the company came after studying the growth trends in the Syrian economy during the past years.
According to SANA, he added that the new company will include a gathering of nine building materials firms at one industrial compound. "The 264,000 square meters Adra-based compound will feature many factories for manufacturing the different materials required in building," he added.
