DAMMAM, 29 December 2005 — Sources to Al-Eqtisadiah daily revealed a deal signed between number of Saudi and Sudanese real estate investors to establish a real estate company. The total capital of this new company is SR10 billion. A committee was formed from both sides to administer the deal. The new company will be floated for public underwriting in Sudan a year from the inception of the new company.
180 Firms to Take Part in Exhibition
DHARHAN — Dhahran International Exhibition Company will organize an exhibition next Sunday in Dammam, the Al-Eqtisadiah daily reported. The exhibition will last for seven days. The exhibition is important because it attracts many foreign investment and because many national companies are participating in it. More than 180 companies from 11 countries are expected to participate in the exhibition.
Saudi-Taiwanese Deal Signed
RIYADH — A Saudi technical company signed an agreement with a Taiwanese company valued at SR60 million to provide the latest technology to the Saudi market in information technology, Al-Watan daily reported. The deal signed is for three years with an extention option.
NSCSA Announces Investment Loan
RIYADH — The National Shipping Co. of Saudi Arabia announced the acceptance of a general investment fund to grant the national company SR436 million in investment loan to finance the purchase of four chemical carriers. The new carriers are being built in South Korea.