Saudi Arabia: USD 40 million investments in glass

According to Chairman of the Board of the Saudi SAVOLA Company, Eng. Adil Muhammad Faqih, investments in the local glass and ceramics industries in 2002 reached about USD 40 million. He added that the…

According to Chairman of the Board of the Saudi SAVOLA Company, Eng. Adil Muhammad Faqih, investments in the local glass and ceramics industries in 2002 reached about USD 40 million. He added that there was a possibility of purchasing glass and ceramics manufacturing plants in Italy, Germany, France, and Britain and to transfer them to Saudi Arabia over a period of ten to fifteen years. He added that moving the plants to Saudi Arabia would provide employment to many Saudis.