sentences:  The city lays along the Persian Gulf on the eastern coast of Saudi Arabia and since the establishment of the company, has grown to become a major industrial city.NAMA was part of a consortium of private companies to bid for a development contract for which was to become Saudi Arabia's first privately owned refinery in 2011, but lost the bid to the state oil company Saudi Aramco.In 2014, NAMA finished the expansion of its largest epoxy resins plant, raising the production capacity from 60,000 to 120,000 tons of epoxy per year.