Rosatom MENA, the regional center of Rosatom in the Middle East and North Africa, and the Saudi-based Sumou Holding Company signed a Memorandum of Understanding (MoU) to foster cooperation in renewable energy, isotope and equipment supplies.
The document paves the way for exploring opportunities for cooperation between two companies across construction and maintenance of wind farms in Saudi Arabia; supply of security systems for infrastructure facilities; supply of isotope products for non-destructive testing and other uses, supply of pumping equipment for municipal and industrial use in Saudi Arabia.
The document was signed by the Director of Rosatom MENA, Alexander Voronkov, on Russian side, and the Chief Executive Officer of Sumou Holding, Saeed Salem Al Nahdi, on the Saudi side.
“Our collaboration with Rosatom is aimed towards achieving goals under this ambitious plan of the kingdom in energy, technology and industrial advancement”, – Saeed Al Nahdi stated.
Sumou Holding is a world-class holding group and institutional investor that focuses on creating growth in business sectors strategically important to Saudi Arabia’s future. Sumou Holding’s success is powered by successful subsidiary companies such as Sumou Real Estate – a concern that revolutionised successful large project planning, management and delivery in the Kingdom. Sumou Holding Company brings together in capital, international expertise and local market knowledge to spur business growth local markets. It is adept in assembling consortiums of capital, local managerial expertise and international best practice to mobilize investment vehicles in response to regional opportunities.