Saudi Alfanar Global Development to invest SAR 2 billion in …


(MENAFN- Media4pr) (RIYADH, DUBAI): On the sidelines of the Crown Prince Mohammed bin Salman’s check out to Egypt this week, Alfanar World-wide Progress signed agreements worth SAR 2 billion (USD 532 million) with Arab Organization for Industrialization (AOI) and Benya Holding Team at the headquarters of the Common Authority for Financial investment and Free Zones (GAFI) in Cairo.

The agreements are centered on localization of technological innovation for renewable electrical power, and implementation of IT initiatives, electronic solutions, facts facilities and cybersecurity.

Engr Amer AlAjmi, Govt Vice President of Alfanar Global Progress, reported: “Alfanar has been present in intercontinental marketplaces including the Egyptian market for a lot of many years now by our renewable electrical power projects. In Egypt, we have also contributed towards 50MW at the Benban Photo voltaic Park. We seem forward to making additional investments in Egypt and Africa.”

Alfanar has gained a rising regional and global name by diversifying its portfolio of initiatives and providers globally. Right now, the company serves organizations throughout the electronic remedies, strength, h2o, oil and gas, social infrastructure and healthcare sectors through its numerous organization divisions and sub-models.


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