The power of partnerships allows us to go the distance and accomplish far more together than we could apart.
As a doorway for collaboration, our global partnership Initiative serves three key roles.
> Bringing people together across industries, sectors, and regions to work on shared issues.
> Kick-starting new solutions through collective action and innovation.
> Working closely to plan, implement, and realize best practices.
The Royal Commission in Yanbu signed 3 memorandum of understanding within the initiative to localize the rubber industry in Yanbu Al-Sinaiyah and the National Industries Development & Logistics Program (NIDLP), which the authority is currently working on in partnership with the Ministry of Industry & Mineral Resources, SABIC, ExxonMobil, & the National Program for the Development of Communities Industrial City, to develop it & attract investors to raise the added value of raw materials produced in what serves the local & global markets.
SAGIA signed a Memorandum of Understanding with both Sunrise Green Project (SGP-Spain) and Kingdom Pioneer for Renewable Energy (KP4RE), to establish a solar panel manufacturing facility producing around 400 MW of PV modules every year, with an estimated investment of $US34.7 million.
TR Beltrack Co., Ltd. (TRB), a South Korean manufacturer of conveyor belts, signed a joint venture with Advanced Industrial Belts Company (AIBC).
To present the challenges and obstacles of the industrial sector, Deputy Minister of Industry and Mineral Resources, His Excellency Engineer / Osama bin Abdulaziz Al-Zamil meets Asir industrialists in Abha Chamber.
Kingdom Pioneer for Renewable Energy (KP4RE) signed a Memorandum of Agreement to start the solar research collaborations with King Abdullah University of Science & Technology (KAUST) during the 10th KAUST Industry Advisory Board meeting held on November 4 & 5, 2019.
SABIC has signed a joint agreement with Eng. Sultan Bin Mahdi Al Dabara supporting the establishment of Industrial Basic Materials Factory Co. (IBM) in Aseer.
Taking advantage of the capabilities available to both parties to contribute in providing jobs for specialized cadres in the rubber industry, the High Institute of Elastomer Industries (HIEI) signed a memorandum of understanding with the Advanced Industrial Belts Company (AIBC).
The Kingdom Group visited the High Institute of Elastomer Industries (HIEI) to learn about the institute's capabilities and discuss ways of cooperation in building the first Saudi tire factory in Yanbu Industrial City.
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