Saudi Advanced Industries Company (SAIC), established in 1987, as a Saudi Public Joint Stock Company with an authorized capital SR 108 million (in 2007 SAIC increased its Authorized capital from SR 108 million to SR 432 million). SAIC came into existence primarily in response to a call for the private sector to invest in the economic offset program.
The company engaged in the transfer of advanced industrial technology to the Kingdom of Saudi Arabia through active participation in industrial joint ventures. The Company's main activity is the investment in economic offset projects and the promotion and development of technically oriented industrial projects. The Company invests and holds stakes in the following companies; Al Salam Aircraft Company LLC, Arabian Industrial Fibers Company (Ibn Rushd), Gulf Salt Company, Industrialization & Energy Services Co., Yanbu National Petrochemicals Company, Obaikan Glass Company, and NPS Bahrain Oil and Gas Well Services Company.
Narjes Distrect Cross Takhassosi Street-Thomama Street,With Othman Bin Affan Road Jarir Plaza Building,Second Floor Office No 203
Riyadh; Al-Riyadh; Postal Code: 11553
Contact Details: Purchase the Saudi Advanced Industries Co JSC report to view the information.
EMIS company profiles are part of a larger information service which combines company, industry and country data and analysis for over 145 emerging markets.Request a demo of the EMIS service
To view more information, Request a demonstration of the EMIS service