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SIEC inks MoU with Engaz Al Ittihad

SIEC inks MoU with Engaz Al Ittihad
(Photo Credit: Company website)
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Riyadh – Mubasher: Saudi Industrial Export (SIEC) signed on Sunday a memorandum of understanding (MoU) with Engaz Al Ittihad Mining Company.

The signed deal involves the investment in the operation of the silica mine at an area of 15 square kilometres located in the northern region of Taima under the licence issued by the Ministry of Petroleum and Mineral Resources.

The company noted that the MoU includes the extraction of the silica raw material and the search for promising opportunities in the manufacturing industries, according to a statement.

The agreement will be valid for three months from the signing date. There are no related parties.