| Element List |
Explanation |
| Introduction |
Saudi Top Trading Company announces the signing of a (non-binding) memorandum of understanding with Rowad Al Riyadh Contracting Company for joint cooperation and establishing a framework for work in developing and producing a wide range of construction solutions and technologies under the auspices of the Ministry of Energy, represented by the Oil Sustainability Program, and the Ministry of Municipal Rural Affairs and Housing, represented by the Modern Construction Initiative. And work to localize modern building solutions. |
| Memorandum Signing Date |
2024-05-28 Corresponding to 1445-11-20 |
| Counterparty |
Rowad Al Riyadh Contracting Company |
| Memorandum Subject |
Developing a system for building recyclable plastic molds for the first time in the Kingdom of Saudi Arabia and setting a framework for work in developing and producing a wide range of construction solutions and technologies and localizing modern construction solutions. |
| Memorandum Duration |
This Memorandum of Understanding will remain in effect for a period of 36 months from the date of signing of the Memorandum or when the parties execute a binding agreement in relation to the Memorandum of Understanding. |
| Related Parties |
Not applicable. |
| Financial Impact |
Not applicable. |
Comments