‎SIIG signs agreements with Shareek, Investment Ministry to enable bio-protein production

‎SIIG signs agreements with Shareek, Investment Ministry to enable bio-protein production ‎SIIG signs agreements with Shareek, Investment Ministry to enable bio-protein production

​‎

Logo ofSaudi Industrial Investment Group Co. (SIIG)

Saudi Industrial Investment Group Co. (SIIG) signed an agreement to join project enablement programs with the Private Sector Partnership Reinforcement Program Center (Shareek). It also signed an agreement with the Ministry of Investment to enable bio-protein production in Jubail Industrial City using dry gas.

Advertisement

In a statement to Tadawul, the company pointed outthe agreements remain in effect until eligibility obligations expire on Dec. 31, 2030.

The agreement sets the company’s eligibility criteria and allows it to apply for enablement programs under the framework support agreement terms.

Moreover, SIIGis working with Unibio PLC to localize advanced technology, which is expected to support the group’s growth and expansion plans in line with its strategy.

The company noted that there is currently no financial impact on its existing operations or ongoing projects, adding that any material developments will be announced in due course.

 

Logo ofSaudi Industrial Investment Group Co. (SIIG)

Saudi Industrial Investment Group Co. (SIIG) signed an agreement to join project enablement programs with the Private Sector Partnership Reinforcement Program Center (Shareek). It also signed an agreement with the Ministry of Investment to enable bio-protein production in Jubail Industrial City using dry gas.

In a statement to Tadawul, the company pointed outthe agreements remain in effect until eligibility obligations expire on Dec. 31, 2030.

The agreement sets the company’s eligibility criteria and allows it to apply for enablement programs under the framework support agreement terms.

Moreover, SIIGis working with Unibio PLC to localize advanced technology, which is expected to support the group’s growth and expansion plans in line with its strategy.

The company noted that there is currently no financial impact on its existing operations or ongoing projects, adding that any material developments will be announced in due course.

Add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep Up to Date with our Weekly Newsletter

By pressing the Subscribe button, you confirm that you have read and are agreeing to our Privacy Policy and Terms of Use
Advertisement