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Oilfield equipment maker GulfTek inaugurated a new manufacturing plant in Dammam, Saudi Arabia, under Saudi Aramco's IKTVA program, with USD 20 million committed and a further USD 30 million planned over five years. The site adds 23,000 square metres, bringing production area to about 45,000 square metres.
“In addition to the USD 20 million already committed, the company's five-year investment plan anticipates an additional USD 30 million investment.”zawya.com
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