New Launch20 Aug 2025, 05:03 pm
Super Iron Foundry's Subsidiary Signs 10-Year Land Lease Agreement in Saudi Arabia for a Foundry and Manufacturing Unit
AI Summary
SIF Saudi Arabia Company Limited, a wholly owned subsidiary of Super Iron Foundry Ltd, has digitally signed a 10-year land lease agreement with Saudi Industrial Authority (MODON) for setting up a foundry and manufacturing unit in Kingdom of Saudi Arabia. The allocated land, situated in Dammam 3rd Industrial City in Plot No: 0300003013, measures around 9141 square meters. This diversification in manufacturing base is expected to enable the company to deliver cost efficient products and seamless supply chain to its global clients.
Key Highlights
- SIF Saudi Arabia Company Limited, a wholly owned subsidiary of Super Iron Foundry Ltd, has signed a 10-year land lease agreement with Saudi Industrial Authority (MODON) for setting up a foundry and manufacturing unit in Kingdom of Saudi Arabia.
- The allocated land, situated in Dammam 3rd Industrial City in Plot No: 0300003013, measures around 9141 square meters.
- This diversification in manufacturing base is expected to enable the company to deliver cost efficient products and seamless supply chain to its global clients.