
Joint Venture20 Oct 2023, 01:53 am
Sigachi Industries and Saudi National Projects Investment form JV to enter Saudi Arabian Market
AI Summary
Sigachi MENA FZCO, a wholly owned subsidiary of Sigachi Industries Limited, has announced the formation of a joint venture with Saudi National Projects Investment Ltd (SNP) to enter the rapidly growing Saudi Arabian market. The joint venture, Sigachi Arabia, will create separate entities to manage Sigachi's core verticals and a manufacturing facility is planned to be set up in Riyadh.,
Key Highlights
- Formation of JV with Saudi National Projects Investment Ltd
- Entrance into rapidly growing Saudi Arabian market
- Planned manufacturing facility in Riyadh
- 75% stake held by Sigachi MENA FZCO and 25% by SNP