Our company has been approved as a registered supplier in the Neom city project of Saudi Arabia, with the vendor number S10775548. The estimated cost of the project, funded by the Saudi Arabian Public Investment Fund (PIF), is expected to reach 500 billion dollars. The city of Neom which is on the northwestern region of Saudi Arabia and the coast of the Red Sea will consist of four regions and will be fully operated by renewable energy resources. The construction of the first region is planned to be completed in 2024.
With this project, we expect to strenghten our sales to the MENA (Middle East-North Africa) region, where 19% of our international sales were realized in 2022.
It is announced to the public with respect.
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