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Rewarded 239 male and female students with more than 1.8 million riyals for academic excellence

24 May 2017

Ajlan and Bros. Group signed an investment agreement in the amount of one billion riyals with the Chinese "Sound Group" to establish several joint projects inside the Kingdom, during the visit of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz to China, and within the Saudi-Chinese Business Forum held in Beijing in the presence of senior officials And businessmen from the Saudi and Chinese sides, Mohammed bin Abdulaziz Al Ajlan Vice Chairman of the Ajlan and Bros. Group Board of Directors, and on the other side Vice Chairman of the Sound Group Board of Directors Jiang Anping.

The volume of investment expected from the implementation of the agreement is estimated at one billion riyals in the fields of wastewater treatment in various locations around the Kingdom, desalination of produced water from wells in multiple fields, and the establishment of water desalination plants in Rabigh and the south of the Kingdom.

Mohammed bin Abdulaziz Al Ajlan affirmed that the visit of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud - may Allah support him - which includes several Asian countries, including China, constitutes a great tributary to support the economy of the two friendly countries, and comes within the plans to activate the "Vision 2030" which also aims to open the way for investments. Foreign affairs, as well as supporting Saudi capital and Saudi investors in all fields.

Al Ajlan pointed out that the Saudi capital has succeeded in international investment through its presence in the most prominent countries in the world economy, including the Republic of China, thanks to God, and then thanks to the efforts of the wise leadership, stressing that this support has earned the Saudi capital freedom of movement without restrictions and granted it all the necessary facilities.

The agreement included a wide range of cooperation fields for joint investment in projects that could be invested inside the Kingdom in the fields of research and development in modern technology, technology application in the field of environmental protection, reverse osmosis technology, water treatment, water desalination, engineering design, and complete equipment supply services for energy management. Modern, energy-saving technology development projects, design and full support for equipment and general contracting for power plants, water desalination and water treatment projects, general contracting for environmental protection such as waste gas and wastewater treatment, etc. in power plants, mining and chemical industries, manufacture, import and export of related products.


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