The Saudi-based Emiantit Company, a joint stock enterprise with a capital of 550 million Saudi Riyals ($146.7 million), denied rumors that the company had recently purchased a weapons manufacturing plant in Romania, reported Al-Hayat.
The Executive Director of Emiantit, Farid Bin Yousef Khallawy, said that his company specializes in manufacturing pipes from dactyl, steel, fiberglass and other materials. Khallawi confirmed that his company recently embarked on two new projects in Romania with local partners to produce pipes from dactyl and smelted iron. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
