• Minister of Commerce incentives and facilities to create an ideal environment to attract investments



    3 factories inaugurated in Dammam Second Industrial
    Minister of Commerce: incentives and facilities to create an ideal environment to attract investments

    Dr. Tawfig Alrabiah; Minister of trade and industry, the State is working to strengthen industrial incentives and the provision of industrial land required in all areas, pointing out that the Ministry has made the industrial licensing and one day without revision of the Ministry, as well as tariff exemptions, one of the main incentives introduced recently. This came after the inauguration to manufacturers and laying the foundation stone for the third factory in Dammam second industrial city, in the presence of a high-level delegation from the Japanese Embassy in Saudi Arabia and Saleh Bin Ibrahim Rasheed, General Manager of ' Modon ', and a number of officials and directors of departments and enterprises, and a delegation of businessmen and industrialists. Al-rabeeah said the State pays great attention to the industrial sector, offering a variety of incentives and facilities, to create the ideal environment to attract domestic and foreign industrial investment, and build a national industrial base catalyst to be a strategic choice, describing the investment environment in the Kingdom, adding that the Ministry drivers offer many facilities to provide the proper environment for industrial investments.
    The Saudi industrial cities are attracting international industrial projects in many areas, contributing to the creation of a strong industrial base economic growth in Saudi Arabia in providing job opportunities for citizens, the localization of products and new technologies, considering new plants of high value added needs of the Saudi economy. ALrabeeah Launched the Saudi asbel factory co., Ltd, specialized in manufacturing control valves and automation products and systems and factories, is held on an area of 7846 square meters, the factory steel and titanium industries co. Ltd., for the production of heat exchangers, pressure vessels and pipe production capacity of 12,000 tons annually, on an area of 21,000 square meters.

    He visited the Bostani factory for chocolate gifts, horizon of advertising-high sky, to produce environment-friendly non-woven bags, while laying the basis of Schlumberger, the factory for the production of rotary drill-tipped drills and metal parts from the tooth drilling, drills and drill body, metal production capacity of 400 units for each product, and the area of 2500 square meters. Saleh Rashid said, General Manager of ' Modon ' that new plants commissioned by the Minister will contribute to the localization of products and new technologies, and create job opportunities for Saudi youth, adding that the second industrial city of Dammam currently 972 factory product or under construction, and development projects including infrastructure rehabilitation project at a cost of 61 million, and the implementation of parts I and II of the road cost 78 million riyals, and an electric converter station by 67 million, and create ground electricity transmission lines by 94 million SR.

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