Commerce and Industry Minister Tawfiq Al-Rabiah yesterday inaugurated a number of plants, factories and training institutes, including the Saudi Power Transformer Company’s SR 120 million factory, at Dammam’s 2nd Industrial City.
The minister said the Saudi government was providing full support to the industrial sector through various incentives. “This is the reason why we have attracted some of the world's leading industrial companies in recent years,” he said. “All of them are setting up factories here and investing here; all this is a result of the solid support from Custodian of the Two Holy Mosques King Abdullah and his government.”
Al-Rabiah said the Kingdom has the most conducive investment climate in the region.
Read more: http://www.arabnews.com/al-rabiah-opens-sr-120-m-power-transformer-factory
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