Businessmen honor Gammon Group chairman for promoting Saudi-India trade relations
Saudi businessmen and industrialists have honored Mohammed Rafik, chairman of Gammon Group, for his commendable efforts in strengthening Saudi-Indian business relations.
Gammon has been given the task to develop Jazan Industrial City, which is expected to attract investment projects worth SR75 billion.
Addressing the ceremony in Jeddah, Rafik said the new industrial city where major international companies from India, China, Malaysia, Canada, South Korea, South Africa and other countries have shown keen interest to start their projects, will change the face of Jazan located in the southwestern part of Saudi Arabia.
“We have already signed agreements with leading companies to carry out various investment projects required by Saudi Arabia,” Rafik told Arab News. He said companies investing in the new industrial city would receive soft loans worth 75 percent of the project cost.
He said Indian companies would be able to participate in various infrastructure projects required by the industrial city, including roads, bridges, power plants and water desalination plants.
Projects such as pharmaceuticals, hospitals, tire and automobile factories, steel plant, food processing factories and petrochemical plants would be established in the city.
Massad bin Sammar Al-Otaibi, chairman of Bin Sammar Trading & Contracting, a major company in the Kingdom, presented a memento to Rafik in the presence of Sant Al-Otaibi and Ayesh Al-Otaibi as well as a number of prominent Saudi businessmen and industrialists.
Rafik highlighted the strong relations between Saudi Arabia and India since time immemorial. “I am sure the new Jazan industrial city would further strengthen these ties with the participation of a large number of Indian companies in its projects,” he told Saudi business leaders.