SAGIA signs $164 mln manufacturing factory deal with Chinese firm

22/01/2020 Argaam

The Saudi Arabian General Investment Authority (SAGIA) signed a $164 million (SAR 615 million) memorandum of understanding (MoU) with China’s Shen Gong New Materials to establish an intelligent electronic manufacturing facility.

 

The factory will be constructed through 3 phases, SAGIA announced on its official Twitter account.

 

The new manufacturing facility will produce plastics and lighting materials, it further added.

 

 

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