Gulf General Investment Co. (GGICO) has acquired Quality International Co., an engineering company that specializes in the manufacturing of process equipment for the oil and gas, petrochemical, chemical and paint, power and desalination, water and food processing industries. Quality International specializes in construction materials, including carbon steel, stainless steel, duplex and super duplex, alloy steel, clad material, Inconel, Monel and so on. The company has projected a turnover of USD 136 million for the end of 2009. GGICO refused to disclose how much they paid for QI and there was no mention of how much it values the new acquisition at.