Two MoUs to Manufacture Water Pipes in Saudi Arabia

Two MoUs to Manufacture Water Pipes in Saudi Arabia
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Two MoUs to Manufacture Water Pipes in Saudi Arabia

Two MoUs to Manufacture Water Pipes in Saudi Arabia

Two memorandums of understanding (MoUs) were signed Wednesday with local companies to support the manufacture and production of ductile iron pipes in Saudi Arabia.

The agreements aim to enhance local content in the water segment through joint co-operation and exchange of information and expertise.

The MoUs were signed with the International Ductile Iron Pipes Co. Ltd. (INDIPCO) and the Saudi Arabian Ductile Iron Pipes (SADIP).

The signing event was attended by Environment, Water and Agriculture Minister Abdulrahman al-Fadhli, who is also board chairman of the National Water Company (NWC).

CEO of the NWC Eng. Mohammad al-Mowkley said the MoUs are expected to promote local content in manufacturing ductile iron pipes and support the efficiency of national manufacturing quality.

They also aim to achieve sustainable development of the water sector in the Kingdom, he explained, noting that the company seeks to bolster the local supply chains in the water industry.

The MoUs were the result of cooperation with the Local Content and Government Procurement Authority in mid-September to grant priority to national factories, Mowkley stated.



Madinah Investment Forum to Kick Off on Sunday

Madinah Investment Forum to Kick Off on Sunday
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Madinah Investment Forum to Kick Off on Sunday

Madinah Investment Forum to Kick Off on Sunday

The Madinah Investment Forum, organized by Al-Madinah Al-Munawwarah Chamber under the theme "Invest in Madinah", will start on Sunday and run for two days.
The forum consists of a diverse range of programs, events, and four specialized dialogue sessions focusing on key aspects of the national investment strategy. It will host 18 speakers and more than 40 entities, and present 200 investment opportunities, valued at over SAR57 billion, in more than ten targeted sectors, SPA reported.
The event will highlight Madinah's significant achievements and showcase development and investment projects in the region. It will explore promising investment sectors, comparative and competitive advantages, and the region's potential to support investment growth. Key areas of focus include hospitality, logistics, agriculture, and real estate.
The forum's objectives include identifying investment opportunities in Madinah, fostering investment partnerships, attracting new investments, and introducing financing solutions and business sector services for major development projects.
The event is aimed at a broad audience, including local and international investors, government agencies, development organizations, private sector representatives, investment agencies, financial institutions, consulting firms, and professional service providers.