AHG Group to invest $20m in Saudi industrial gas facility
Saudi industrial gas company AHG Group has unveiled plans to spend $20m on an industrial gas production facility in Damman in Saudi Arabia.
The project is part of AHG’s strategy to expand in both local and regional markets, increase its production of industrial gases, and expand its supply chain.
“This project … demonstrates our commitment to the industrial and manufacturing transformation taking place under the kingdom’s Vision 2030 [programme],” said Khalid Abdullah Hasim, CEO of the AHG.
Saudi Vision 2030 is Saudi Arabia’s long-term strategy to transform its economy, with over $1 trillion invested in various infrastructure projects such as Neom – a $500bn smart city that includes a green gases plant – and the Red Sea Project.
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