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Saudi
Arabia is one of the fastest developing
economies of the world. This unique achievement is
a result of rapid industrialization, investment in
core sectors touching the entire gamut of human life
necessary for sustained growth. Industrial growth
in turn means an increase in demand for packaging.
Corrugated packaging is the preferred
choice for most of today's packaging needs due to
its eco-friendly nature. Over the last two decades
quite a few corrugated carton plants emerged in the
kingdom but had to rely on 100% imports for their
raw material requirements.
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window of opportunity was envisioned by a group of
50 Saudi investors
who joined hands in 1994 to incorporate
Arab Paper Manufacturing
Co. Ltd. or WARAQ
as it is more popularly called. Waraq's
promoters created a commercial enterprise which would
not only be a source of profit for them but also contribute
to the nation's economic growth by providing gainful
learning & employment opportunity to the locals
meanwhile providing a quality raw material solution
to the corrugated carton industry. |
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