|
|
Article: SR 120 million pharmaceuticals factory in Aseer with foreign investment.(Brief article)
- Article from:
- Saudi Economic Survey
- Article date:
- April 9, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Eng. Abdullah Al Mobti, chairman of the board of directors of Chamber of Commerce and Industry in Abha, announced plans to establish a pharmaceutical factory in Abha. This will be in partnership with investors from Spain, Germany and the United States.
Establishment of the factory, with a capital investment of SR 120 million, will be under the scientific supervision of the University of Barcelona. A meeting of the representatives of the chamber and the foreign investors was held recently in Abha.
A presentation on the preliminary feasibility study about the company was held during the meeting. Eng. Abdullah Al Mobti said that the factory project will be ...