Business & Money | Saturday 5 March, 2016 5:04 am |

ARGAS, the Arabian Geophysical and Surveying Company, recently celebrated its first 50 years of success with an eye firmly on the future, as it laid the cornerstone of its new Center for Research and Development in the Dhahran Techno Valley, in the Eastern Province of Saudi Arabia.

The ceremony to mark this milestone was held under the patronage of Prince Saud bin Nayef bin Abdulaziz, governor of the Eastern Province, and in the presence of dignitaries including Ali Al-Naimi, minster of petroleum and minerals; Khalid Al-Falih, minister of health and chairman of Saudi Aramco; Khalid bin Saleh Al-Sultan, rector of KFUPM; Amin Al-Nasser, CEO of Saudi Aramco.
Also in attendance were senior representatives from TAQA (the Industrial and Energy Services Company) and French geophysical company CCG, the shareholders of ARGAS, as well as representatives from Saudi Aramco and other local petrochemical and minerals enterprises, and guests from some of the Kingdom’s leading universities, KAU, KAST, KACST and KFPM.
Speaking at the ceremony, ARGAS CEO Saad bin Saud Al-Akeel said: “Our new Center for Research and Development is just one step toward the overall vision for our country set by our wise leadership, and a single brick in the building of a prosperous future for a country which is so rich not only in natural resources — but also in its technical prowess and human potential.”
ARGAS was established in 1966 as a limited responsibility joint venture, 51 percent owned by TAQA, and 49 percent for the French company CGG.