25 Aug 2022 , 02:45 PM
The MoU encourages SAMIL and MISA to work together to grow the automobile components sector in the Kingdom of Saudi Arabia (KSA). Both partners will look for investment opportunities in other industrial areas as well.
The Ministry of Investment, Kingdom of Saudi Arabia (MISA) is in charge of all investment matters in the Kingdom of Saudi Arabia.
“Motherson believes in carving its own path. We are honoured and happy to be collaborating with the Kingdom of Saudi Arabia (KSA). We look forward to establishing an industrial ecosystem for automotive and other sectors in the Kingdom of Saudi Arabia (KSA) with the Ministry of Investment, Kingdom of Saudi Arabia (MISA),” commented Vivek Chaand Sehgal, Chairman, Motherson.
Under the terms of this MoU, MISA will assist Motherson in identifying possible areas of investment in the Kingdom of Saudi Arabia.
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