Al Kathiri Holding Co. announces that its subsidiary (ALIAN Industry Company) has signed a Memorandum of Understanding with the Rwanda Housing Authority to develop 10,000 affordable housing units
| Element List | Explanation |
|---|---|
| Introduction | Al Kathiri Holding Co. announces that its subsidiary (ALIAN Industry Company) has signed a non-binding Memorandum of Understanding with Rwanda Housing Authority on 17/09/2025 in Kigali, Republic of Rwanda, to develop 10,000 affordable housing units. |
| Memorandum Signing Date | 2025-09-17 Corresponding to 1447-03-25 |
| Counterparty | Rwanda Housing Authority |
| Memorandum Subject | Cooperation in preparing and implementing a project to develop 10,000 affordable housing units in Rwanda, whereby ALIAN shall prepare a comprehensive Project Implementation Proposal (technical, financial, and execution aspects) and submit it to the competent authorities in Rwanda for approval. |
| Memorandum Duration | Five years from the date of signing, renewable, amendable, or terminable by mutual written agreement between the parties. |
| Related Parties | N/A |
| Financial Impact | The financial impact cannot be determined at this stage and will be disclosed later upon completion of the studies, approval of the proposal by the competent authorities, and commencement of the actual implementation. |
| Additional Information | - This MoU comes within Al Kathiri Holding’s strategy to expand into international markets and transfer modern construction technologies (Emmedue – EPS) to global markets, in line with Saudi Vision 2030 objectives of supporting national exports.
- The MoU also includes provisions for protecting ALIAN Industry Company’s intellectual property rights and confidentiality obligations lasting five years. |
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