Emaar EC signs MoU with Saudi Total to set up lubricant plant
BY OUR CORRESPONDENT
KHALEJ TIMES 2 December 2007
JEDDAH — A lubricant products plant is to be set up in the King Abdullah Economic City (KAEC) for which Emaar, the Economic City (Emaar. E.C.), has signed a memorandum of understanding (MOU) with Saudi Total Lubricants Company (SATLUB) to lease land in the industrial zone of KAEC.
Emaar, the Tadawul-listed company is developing King Abdullah Economic City, the largest private sector-led mega project in the region
SATLUB will manufacture and market the entire range of lubricants and specialty products for the automotive, industrial and marine sectors within the Kingdom and for future exports under the Total brand.
The state-of-the-art plant will be commissioned in two years and will be the most modern blending plant using fully automated technologies. The initial production capacity of the plant will be 35,000 MT of finished products per year, with the potential for capacity expansion.
Located in the KAEC Industrial Zone, the plant will be the first lubricant facility of Total in Saudi Arabia. Total is one of the world’s leading oil and gas companies, and marks the evolution of KAEC as a prime driver of the manufacturing sector of the Kingdom. SATLUB is a joint venture of Total and Al-Zahid Group, a diversified Saudi group.
Dr. Abdulraouf Mannaa, managing director and CEO, Emaar E.C. signed the MOU with Jacques Souplet, Total’s regional director, Middle East and Central Asia.