SR550m deal to develop third industrial city in Dammam

Updated 27 August 2013
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SR550m deal to develop third industrial city in Dammam

Commerce and Industry Minister Tawfiq Al-Rabiah signed a SR550 million agreement on Sunday for the development of the third industrial city in Dammam. The contract is awarded for the development of the second part of the city’s first phase, which will be completed in 24 months.
The project includes construction of drinking water pipelines, industrial water networks, sewage networks, rainwater drainage networks and road works, said Saleh Al-Rasheed, director general of the Saudi Industrial Property Authority (MODON).
He said a number of new projects are currently being implemented at Dammam-3 including lighting, electricity and road projects as well as construction of 24 model industries.
Covering an area of 48 million square meters, Dammam-3 is located south of the city, along Dhahran-Uqair Road. “Vast areas have been allocated to build housing for workers,” the director general said.
The new city will have petroleum, mineral, plastic, automobile, food and other industries in addition to factories of building materials.
Speaking to reporters, Al-Rabiah emphasized the government’s plan to develop a number of industrial cities all around the Kingdom with state-of-the-art infrastructure.
Last month, Al-Rabiah signed a contract worth SR180 million with officials of Saudi PAN Kingdom Company (SAPAC) to develop Sudair City for Industry and Businesses.
The contract covers the development of residential and industrial area; linking the upload and download of commodities in the North-South Railway; and the development of logistics services.
Sudair Industrial City is currently experiencing the implementation of a number of projects, the most notable of them are: The first phase of the city with a cost of SR572 million, an SR205 million road project and an intersection project worth SR42 million.
“A number of factories have begun production in the city,” said Al-Rasheed, adding that nearly 150 factories are under construction.
Spreading on an area of 265 million square meters, the Sudair Industrial City is strategically positioned, and located 120 km from Riyadh and 160 km from Qassim.


Turkey says trying to convince US to allow Iranian oil imports

Updated 26 April 2019
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Turkey says trying to convince US to allow Iranian oil imports

  • US demanded that Iranian oil buyers stop purchases by May 1 or face sanctions
  • The decision was more stringent than expected, and caught several key importers to plead with the US

ANKARA: Turkey is trying to convince the United States to allow refiner Tupras, its biggest oil importer, to continue buying crude oil from Iran free of sanctions, Foreign Ministry spokesman Hami Aksoy said on Friday.
Washington on Monday said it will not renew exemptions granted last year to buyers of Iranian oil, including Turkey, and it demanded that buyers stop purchases by May 1 or face sanctions.
The decision was more stringent than expected, and caught several key importers who have been pleading with Washington to continue buying Iranian oil sanctions-free.