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FinancialNews
29-09-21
Saudi logistics program to work on projects in cooperation with Australian firms
(MENAFN)According to Asharq, the National Industrial Development and Logistics Program and Ajlan & Bros Holding Group Abiliti inked deals to work on projects valued at SR50 billion (USD13.3 billion) in the Kingdom’s mining sector.
The report further declared that the two entities are going to work on the projects in collaboration with Australian firms.
The projects are going to be put into operation through an investment partnership deal with Advanced Metal Industries Cluster to expand a manufacturing chain for titanium metal.
Also; the deal was inked with the Australian Exchange Co., specialized in underwriting mining companies and natural resources to expand a stock market for mining firms, and build a metal trading platform.
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