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Saudi Arabia Signs 3 MoUs to Develop Local Water Valve Industry

The Saudi National Water Strategy 2030 aims to address major challenges by benefitting from previous and ongoing studies. Asharq Al-Awsat
The Saudi National Water Strategy 2030 aims to address major challenges by benefitting from previous and ongoing studies. Asharq Al-Awsat
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Saudi Arabia Signs 3 MoUs to Develop Local Water Valve Industry

The Saudi National Water Strategy 2030 aims to address major challenges by benefitting from previous and ongoing studies. Asharq Al-Awsat
The Saudi National Water Strategy 2030 aims to address major challenges by benefitting from previous and ongoing studies. Asharq Al-Awsat

As part of Saudi Arabia’s endeavor to support, strengthen and develop the local industry for the production of water valves, the National Water Company (NWC) concluded on Tuesday MoUs with three national companies, namely Saudi Amicon, Saudi Pipe Systems (SPS) and the AVK Saudi Valve Manufacturing Company.

The MoUs were signed by Eng. Nemer Alshebl, CEO-designate of the National Water Company, with Firas Al-Harbi, CEO of Amicon Saudi Arabia Ltd., Mohammed Al-Enezi, General Manager of the Saudi Pipe Systems Factory Ltd., and Mads Helge, General Manager of the AVK Saudi Valves Manufacturing Company Ltd.

Alshebl said that the MoUs concluded with the three companies would contribute to strengthening the local content, supporting the national industry of water valves, and raising quality efficiency, in accordance with the company's standards and procedures.

He added that the agreements came in line with the national water strategic directions, which give priority to national factories to meet the company’s needs, project components, and supply chains, in a way that benefits the national economy through local goods, assets and technology.

The Saudi National Water Strategy 2030 aims to address major challenges by benefitting from previous and ongoing studies, and to reform the water and sanitation sector by ensuring the sustainable development of resources in the Kingdom, while providing high quality services at reasonable prices.

Meanwhile, representatives from the Saline Water Conversion Corporation (SWCC), participated in the Cairo International Water Week, where they presented the Corporation’s innovative solutions for resource sustainability and environmental security, as well as recent initiatives to shift to clean energy and green hydrogen.

SWCC representatives also highlighted the importance of green hydrogen as an essential element in any de-carbonization strategy, which they said would become competitive in terms of cost by mid-2030, according to official international indicators.

SWCC revealed that the demand for green hydrogen was expected to witness a rapid increase, to reach 21% of the world’s total final energy consumption by 2050.

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EU May Suspend Syria Sanctions on Energy and Transport

FILE PHOTO: A general view of the commercial harbor of Syria's coastal city of Tartous, Syria, December 14, 2024. REUTERS/Umit Bektas/File Photo
FILE PHOTO: A general view of the commercial harbor of Syria's coastal city of Tartous, Syria, December 14, 2024. REUTERS/Umit Bektas/File Photo
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EU May Suspend Syria Sanctions on Energy and Transport

FILE PHOTO: A general view of the commercial harbor of Syria's coastal city of Tartous, Syria, December 14, 2024. REUTERS/Umit Bektas/File Photo
FILE PHOTO: A general view of the commercial harbor of Syria's coastal city of Tartous, Syria, December 14, 2024. REUTERS/Umit Bektas/File Photo

The European Union may soon suspend sanctions on Syria related to energy and transport but has yet to agree on whether to ease restrictions on financial transactions, according to three diplomats and a document seen by Reuters.
EU foreign ministers will discuss the matter at a meeting in Brussels on Monday. The bloc’s foreign policy chief Kaja Kallas told Reuters on Wednesday she hopes a political agreement on easing the sanctions can be reached at the gathering.
Europe’s approach to Damascus began to shift after Bashar al-Assad was ousted as president in December by Hayat Tahrir al-Sham (HTS), which the United Nations designates as a terrorist group.
Officials see transport as key for helping Syria’s airports become fully operational, which in turn could facilitate the return of refugees. Energy and electricity are similarly seen as important for improving living conditions to help stabilize the country and encourage citizens to come back.
According to an EU document seen by Reuters, diplomats from the bloc's 27 members recommended taking swift action towards suspending the restrictions "in sectors necessary for economic stabilization and launch of economic reconstruction of Syria, such as those regarding energy and transport”.
The diplomats, who are part of a group that negotiates the EU’s foreign policy positions on issues related to the Middle East and North Africa, also recommended “assessing options for reopening banking and investment relations with Syria”.
“The easing of EU restrictive measures would be rolled out in a staged approach and in a reversible manner, regularly assessing if the conditions in Syria allow for further suspension,” the diplomats wrote, pointing to the need for respect for fundamental freedoms and an inclusive transition.
The wording of the document represents a compromise among EU capitals. Some governments want to move quickly to suspend sanctions, while others prefer a more careful and gradual approach to ensure Europe retains leverage.
If a political agreement is announced on Monday, European officials would proceed to work on the technical details of a suspension.
A number of sanctions should remain in place, according to the document, including measures related to the Al-Assad regime, illicit drug trade and arms trade.