· TDC established a JV project to produce Cracking Tubes & Reformers with Kubota Corporation from Japan with an investment of US$ 60 M which will start by 3rd quarters of 2010 to capture the industrial boom that is taking place in the GCC and which is expected to increase sharply in KSA. Further agreements and necessary steps for the partnership registration are processed.
· TDC had signed agreement with LGI from Korea to be their agent for EPC contracts for different petrochemical plants to join hands for these sectors as it becomes the major shortage and bottle neck for the petrochemical industries projects.
·TDC is evaluating 4 different projects to be established in KSA and will be offered for private placement upon completion.
· TDC" had obtained licenses to establish a technical training center in eastern providence.