Saudi-Pak to launch Rs490m projects

Published November 25, 2002

ISLAMABAD, Nov 24: Saudi-Pak will launch new projects at a cost of Rs490 million in the manufacturing, services and financial sectors in Pakistan.

According to reports from Jeddah, the joint venture of Pakistan and Saudi Arabia, will facilitate expansion of existing production facilities and creation of additional capacities in the country.

This was decided at the board of directors meeting of Saudi- Pak Industrial and Agricultural Investment Company which was held at Riyadh. The Saudi-Pak Company chairman, Dr Abdullah T. Al- Thenayan, presided over the meeting.

The board reviewed the performance of the company.—APP

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