Saudi Aramco has signed today a
memorandum of understanding (MoU) with Saudi Industrial Property
Authority "Modon", to enhance joint collaboration in developing
Industrial Cities and empower local communities and women's work in the
Industrial Cities in order to contribute to the achievement of Kingdom
Vision 2030 and the objectives of the National Transition Program 2020.
The
memorandum of Understanding, which was signed, by Aramco Vice
President, Nasser Al Nafisi and Modon's General Manager, Khalid Al Salem
in the Authority headquarter in Riyadh. To contribute to enabling both
sides to provide development projects to strengthen the economy of
industrial cities by availing from the rich natural resources and the
comparative advantages that are specific to the various regions of the
Kingdom. The memorandum also seeks to localize the industries through
development projects that have high quality products that positively
affect the Kingdom's GDP, create new job opportunities, and develops an
environment conducive to women's work, persons with disabilities and
those with limited income. The memo stated that Saudi Aramco would
undertake the preparation of capital budgeting studies and work plans
for the establishment and development of projects, identify partners who
will cooperate, and provide the proposed designs for the necessary
facilities. Modon will in turn provides sites for the proposed projects
in the industrial cities, in addition to the appropriate incentives, and
overcoming all difficulties that may hinder the start of its
activities.
Nasser Al Nafisi stated on this occasion: "The signing
of this memorandum is part of a concerted effort to contribute to
making a positive impact on the development of our society, and the work
of partnerships that contribute to the empowerment of the targeted
community groups, and the provision of services and infrastructure, such
as training, employment, machinery and equipment. Al-Nafisi added that
the main strategies of localization in Saudi Aramco are based on the
principle of empowerment through a series of initiatives that are in
line with the objectives of Saudi Arabia Vision 2030. Therefore, we
continue to assess needs, provide solutions and create economic
opportunities based on the competitive advantages of different regions
of the Kingdom. For his part, Eng. Khaled Al-Salem stated "The agreement
with Saudi Aramco is part of the objectives and strategies of "Modon"
which includes cooperation and creating effective partnerships with the
public and private sectors, in order to strengthen its role towards the
homeland and society and enhance its social responsibility as a key
partner in supporting the development process and the national economy.
Its efforts to contribute to the implementation of the National
Transformation Program Plan and to achieve the Kingdom's Vision 2030 ".
Eng. Al-Salem clarified that the agreement contributes to the provision
of community partnership services and the promotes a sustainable impact,
and develops nursery services and care for the children of
beneficiaries and the children of worker women's in the industrial
cities, and contributes to the provision of technical advisory and
logistical support for projects emanating from the memorandum to benefit
from experts and specialists staff on both sides of the programs and
initiatives and joint activities emanating from them.