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06-03-14

3M to set up manufacturing plant in Riyadh

(MENAFN) 3M, a US company based in Riyadh, will set up a manufacturing plant in Riyadh, and is expected to cost USD15 million, according to Arab News. The new manufacturing plant will be located in the third industrial city of Riyadh, and is expected to start production in 2015. Joaquin Delgado, executive vice president of 3M, said: "We hope to manufacture some 12 products and will increase the number depending on the local demand." The announcement was revealed in a meeting between Delgado and Saudi Deputy Health Minister Dr. Hamzah Al-Kosheim.