BUSINESS

Saudi Drill inks joint venture with Italian EcoDem at IKTVA event

March 10, 2020
Saudi Drill inks a major venture with italian EcoDem at IKTVA event.
Saudi Drill inks a major venture with italian EcoDem at IKTVA event.

DHAHRAN — EcoDem, an Italian provider of environmental services, has entered a partnership agreement with Saudi Drill Company.

Under this agreement, EcoDem’s decommissioning, reclamation, remediation, sludge treatment and metal recovery from waste are solutions and services that will be provided in the Kingdom by the joint venture company.

Saudi Drill chairman Megren Al Khaldi commented: “Saudi Drill vision is to establish its presence in Saudi Arabia in line with Saudi Aramco IKTVA’s aims to attract successful businesses and create job opportunities. We believe that EcoDem’s environmental services will be a great partner in adding significant value.”

“The industrial metal recovery industry in Saudi is expanding and we are excited to take part in it. Saudi has a reliable local talent pool that we can count on to reach our goals.”

The agreement is expected to support EcoDem’s international expansion and strengthen its footprint in Saudi Arabia and the region by providing state-of-the-art technologies to solve environmental-related challenges and meet clients’ expectations.

Commenting on the partnership, EcoDem CEO Raimondo Imbro said, “This joint venture will introduce a unique technology that recovers heavy metals from wastes of Soot Ash and Metal Cake in the Kingdom. This will create significant jobs and technology in the country as well as recycle valuable waste.” — SG


March 10, 2020
380 views
HIGHLIGHTS
BUSINESS
10 hours ago

Trend Micro launches its consumer security business in Saudi Arabia

BUSINESS
17 hours ago

Bangladesh embassy observes armed forces day in Riyadh

BUSINESS
17 hours ago

Lessons for CEOs from IMC CEO Dr. Walid Fitaihi in times of COVID-19

X