SABIC affiliate Saudi steel maker Hadeed and The Red Sea Development Company have signed a Memorandum of Understanding to initiate discussions on the possibility of steel supplies and solutions for the Red Sea project and to set a framework for knowledge exchange. The MoU sets the foundation for a mutually beneficial relationship related to sustainable and advanced steel products and solutions, and to drive the implementation of best practices in the building and construction sector.SABIC Vice Chairman & CEO Mr Yousef Al-Benyan said “We are truly happy to be associated with the Red Sea Development Company and its ambitious tourism project. We have been part of Saudi Arabia’s industrialization and economic development for decades, and Hadeed has contributed considerably to the country’s construction evolution. With the latest MoU, we have demonstrated our continued commitment to the Kingdom’s rapid transformation and our constant efforts to promote its diverse economic development as envisioned in Vision 2030.”The Red Sea Project is described as unique, luxury tourism destination that will embrace nature, culture and adventure, setting new standards in sustainable development and positioning Saudi Arabia on the global tourism map.
SABIC affiliate Saudi steel maker Hadeed and The Red Sea Development Company have signed a Memorandum of Understanding to initiate discussions on the possibility of steel supplies and solutions for the Red Sea project and to set a framework for knowledge exchange. The MoU sets the foundation for a mutually beneficial relationship related to sustainable and advanced steel products and solutions, and to drive the implementation of best practices in the building and construction sector.SABIC Vice Chairman & CEO Mr Yousef Al-Benyan said “We are truly happy to be associated with the Red Sea Development Company and its ambitious tourism project. We have been part of Saudi Arabia’s industrialization and economic development for decades, and Hadeed has contributed considerably to the country’s construction evolution. With the latest MoU, we have demonstrated our continued commitment to the Kingdom’s rapid transformation and our constant efforts to promote its diverse economic development as envisioned in Vision 2030.”The Red Sea Project is described as unique, luxury tourism destination that will embrace nature, culture and adventure, setting new standards in sustainable development and positioning Saudi Arabia on the global tourism map.
