First Saudi Arabian Enterprises Set up in China

12 January 2001

The first Saudi Arab-funded enterprise was set up recently in Pulandian Economic Development Zone in Dalian, China. Dalian Pushengqunxian Industrial Co Ltd and Saudi Arabian Amet Group jointly, pooled US$ 35.8 to invest the world's most advanced technology and equipments from US and Sweden to produce glass steel tubes and non-alkaline glass fiber. The project is expected to be finished next June and its annual sales income will be over 250 million RMB yuan.

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