Riyadh
June 2015

Pan Gulf Piping Systems (PGPS), which reported a profit surge, is expanding its warehouse in its central hub in Riyadh and has long-term plans to set up a manufacturing plant in the capital area to produce butt-weld fittings.






June 2015

Work on the $22.5 billion Riyadh Metro project took another step forward with the first of the tunnel boring machine burrowing into the capital’s belly under the FAST consortium. Indicative of strong confidence in the success of the project, the first machine is called Dhafrah for victory in Arabic.






June 2015

The Gulf’s largest dairy company has announced it will invest SR21 billion ($5.6 billion) over a five-year period from 2016 to 2020. The decision was taken by the company’s board of directors after a review of its existing investment base, the company said in a statement. The earlier plan entailed spending of SR15.






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