BENA STEEL INDUSTRIES signs MOU with Alderley PLC to develop joint opportunities in Saudi Arabia’s energy sector

BENA STEEL INDUSTRIES Company announced that it has signed a 6 months-term Memorandum of understanding with Alderley PLC Co. to establish a strategic partnership to develop joint opportunities in the energy sector in line with the Kingdom’s Vision 2030 plan.

The MoU is focused on building in-country capability, supply chains and solutions in the energy sector to support the Kingdom’s long-standing endeavours to deliver energy security to the world through existing hydrocarbon production and the development of new cleaner technologies, including in areas such as hydrogen.

The company stated on Wednesday on the Tadawul website that this strategic partnership, built on many years of successful collaboration between Alderley and Bena Steel Industries, will deepen this collaboration further and position both companies as leading players in the country’s burgeoning low-carbon space.

The financial impact will be determined after the final evaluation is completed.

Further announcements will follow up on any important development with regard to the Memorandum