- The MoU furthers this collaboration and positions both companies as leading players in the country’s burgeoning low-carbon space.
- The MoU is focused on building in-country capability, supply chains and solutions in the energy sector to support Saudi Arabia’s long-standing endeavours to deliver energy security to the world.
Saudi-based Bena Steel Industries has entered into a strategic partnership agreement with UK-based energy solutions provider Alderley to develop joint opportunities in KSA’s energy sector in line with its Vision 2030 plan. The MoU is focused on building in-country capability, supply chains and solutions in the energy sector to support Saudi Arabia’s long-standing endeavours to deliver energy security to the world through existing hydrocarbon production and developing new cleaner technologies, including in areas such as hydrogen.
A major player in the Saudi energy sector for the last 30 years, Alderley has two manufacturing facilities in Dammam, including the M24 unit, a fully approved and equipped advanced engineering centre in the kingdom. Bena Steel said it also plans to invest in the M24 branch as part of the MoU.
Bena Steel Industries CEO Fawaz Albawardi said, “Partnering with Alderley will enable us to establish the platform to be the leading system integrator in-Kingdom, strengthen the country’s supply chain and deliver long-term sustainable growth and prosperity for the people of Saudi Arabia.” Alderley said this strategic partnership builds on several years of its successful collaboration with the Saudi company, a key in-Kingdom supplier of steel products used on the British group’s skid-mounted, integrated solutions for the energy industry. The MoU deepens this collaboration further, and positions both companies as leading players in the country’s burgeoning low-carbon space, said a top official.