Saudi Arabia Signs 3 MoUs to Develop Local Water Valve Industry

Business

October 19th, 5:34am

Riyadh - Cairo - 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.

from Asharq AL-awsat https://english.aawsat.com/home/article/3939211/saudi-arabia-signs-3-mous-develop-local-water-valve-industry