Review of the business
The company is building chemical production in the second industrial city of Dammam, Saudi Arabia. To open a plant in Dammam’s 2nd industrial city, the company needs permission from Saudi Aramco, which takes a long time. We submitted our business plan to Saudi Aramco and received approval 1.5 years later.
The company plans to produce chemicals and lubricants. The chemicals will be sold to companies operating in the oil and gas, salt and wastewater industries. Lubricants will be sold to metallurgical enterprises. According to our business plan, we will sell our products to more than 10 companies in Saudi Arabia.
Regarding the production of chemicals and lubricants, our company has concluded technical cooperation agreements with 1 German, 1 Austrian and 1 Indonesian company. This agreement will allow us to use their patents and technical know-how to manufacture products at our plant. In addition, we also signed an agreement with a German company to produce lubricants on their behalf.
The founder of the company has 17 years of experience in the field of industrial consulting. Physical assets owned by the company include a plant under construction, an office building and steel structures. Our company’s website is temporarily down and will be back soon.
