GDI to Set up over $1bn Modular Assembly Plant, in NEOM

Gulf Development International (GDI) is working with “Saudi Aramco” to build a modular equipment plant in NEOM city, at a cost of more than $1 billion, George Creel, CEO of the company said on Thursday.

The Company is cooperating with Saudi Aramco engineering team to develop a number of hydrocarbon products to maintain sustainability,” Creel told Elsharq TV.

He went on to say that the Project costs are made up of Saudi money and other direct foreign investments that the Company attracted to the Kingdom.

“In addition to the Company current project with Aramco in NEOM, the Company is studying the establishments of new projects, including an international academic medical centre and a number of other developments in Riyadh, Western Province, and Eastern Province,” he concluded.