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Al Bawani signs MoU with industrial conglomerate Mytilineos group

This MoU between Al Bawani and Mytilineos group is part of a series of economic agreements between Saudi Arabia and Greece

By Angitha Pradeep
Angitha Pradeep by Angitha Pradeep

Al-Bawani signed a Memorandum of Understanding (MoU) with Greece-based industrial conglomerate Mytilineos group.

The agreement was signed in the presence of HE Minister of Investment Khalid bin Abdul Aziz Al-Falih, Minister of Commerce and Minister of Information in charge Dr Majid bin Abdullah al-Kasabi, and Minister of Communications and Information Technology Engineer Abdullah bin Amer Al-Sawahs and HE the Greek Deputy Foreign Minister for Economic Affairs.

This MoU is part of a series of economic agreements between Saudi Arabia and Greece that took place during the official visit of HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Deputy Prime Minister to Greece.

Al-Bawani Group CEO Fakher Al Shawaf expressed his happiness and readiness to study the opportunities for cooperation within Saudi Arabia and Mytilineos in several areas.

These include generation, transportation and distribution of electricity, gas, and hydrogen projects, decarbonization, mining projects (alumina and aluminum), renewable energy projects and sustainable solutions, storage development, wastewater treatment projects and the conversion of solid waste into energy. A follow-up agreement for each field of work will be signed separately.

This agreement is part of Al-Bawani’s strategy, in line with Saudi Arabia’s Vision 2030 in investing in various energy fields.  

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  • Angitha Pradeep

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Angitha Pradeep

Angitha Pradeep

Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer took a galley of type...