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Media Room

April 18, 2010

GID has signed a Memorandum of Understanding with a welding institute of international repute to establish a Welding Institute in Saudi Arabia as a Joint Venture project with equity participation.

The proposed Welding Institute shall offer support services to the users of welding technology and also offer specialized training and education programs in welding technology.

The Welding Institute is proposed to be established in the eastern province so as to be at the nearest vicinity to the potential customers who are predominantly based in the region.

The project is scheduled to be operational during end 2010 and has drawn a phased implementation program to be fully operational in three years’ time.

March 16, 2010

GID signed a Technology License Agreement for manufacturing Stone Paper, an environment friendly product, with a reputed proprietary owner of the technology.

The feasibility study of the project that is planned for establishment in Al Zulfi is planned to be completed by Q3/2010.