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Panasonic plans to establish factory in Saudi Arabia
Saudi Arabia-Japan, Business, 4/29/1999
The Japanese company Panasonic plans to establish the first factory for electronic industries in Saudi Arabia in cooperation with Saudi company El-Eissaei the representative of Panasonic, to become the first factory of its sort in the Middle East.
A statement released by the regional bureau of Panasonic in Cairo said that El-Eissaei company owns 65% of the volume of the Japanese company's payments in the Gulf market.
The statement added that if the factory is established, it will cover the Gulf region, Middle East, and North Africa, but the statement did not mention the date on which the executive measures of this project will begin.
Previous Stories:
Bahraini bank to open branch in Saudi Arabia
(4/28/1999)
Saudi crown prince confers with New Zealand's trade minister
(4/28/1999)
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