Al Kathiri Holding Co. said in a bourse statement that civil work for the establishment of Alian Factory to produce reinforced polystyrene sheets have commenced.

 

“Civil work will be executed by International Supply Support at a total cost of SAR 10.15 million, and set to be completed in Q3 2020,” the statement said.

 

The plant, located in Sudair, will use Italian technology for the production of reinforced polystyrene sheets with iron and concrete.

 

Earlier, the company had signed a SAR 23.2 million finance agreement with Saudi Industrial Development Fund (SIDF) to finance the projects.

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