ICCI ventures in cars, aircraft production | ICCI ventures in cars, aircraft production -
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ICCI ventures in cars, aircraft production

Saudi Arabia: Sunday, June 29 - 2008 @ 09:07

The Islamic Chamber of Commerce and Industry (ICCI) has formed an investment company called Foras Investment Co., which looks into manufacturing low-cost cars, aircraft and satellites, Arab News has reported. It has an initial capital of SR562m, 20% stake of which is from the Islamic Development Bank. The company is looking into several industrial projects in OIC member countries.

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Sunday, June 29- 2008 @ 9:07 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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