Saudi Arabia’s SWCC strikes MoU with Brazilian company WEG
3 August 2023Saline Water Conversion Corporation (SWCC) has signed a memorandum of understanding (MoU) with the Brazilian company WEG, which is specialized in electrical engineering, energy, and automation, in order to strengthen strategic cooperation.
The MoU also intends to promote collaboration between the two entities by actively exchanging expertise, studies, research, innovations, and engineering applications in water desalination and its technologies.
According to the statement, the MoU provides opportunities for localization and content enrichment in electrical engineering. It also focuses on developing and enhancing the efficiency of various electrical systems, such as motors and variable frequency devices.
Furthermore, it targets improving the performance of standard low-voltage motors and innovating high-efficiency electrical systems to reduce energy consumption, aligning with the latest models to promote sustainable energy efficiency.
The MoU was signed during the Brazilian-Saudi Investment Forum that was organized by the Saudi Ministry of Investment and witnessed the presence of the Brazilian Vice President and Minister of Development, Industry, Trade, and Services, Mr. Geraldo Alckmin, alongside the Saudi Minister of Investment, Eng. Khalid Al-Falih.
The Forum saw the presence of various prominent figures and the active participation of several government officials, CEOs of major companies, and representatives from the private sectors of both countries.
According to the reports, the forum witnessed the signing of MoUs between government agencies and the private sector as well as between the private sector in each country in the fields of petrochemicals, health, defense, food, real estate, tourism, water desalination and treatment, and agriculture.
Related
-
Jinko ESS and METLEN form 3GWh utility-scale BESS partnership
30 June 2025
-
UK rejects support for $33bn Moroccan subsea renewable energy link
30 June 2025
-
Cimic company to expand Queensland mine for $1.5bn
27 June 2025
-
Dubai tenders Al-Maktoum airport substructure
27 June 2025
-
Systra wins France’s biggest high-speed rail project
25 June 2025
-
Nigeria secures $3.5 Billion Afreximbank funding for Bakassi deep seaport
24 June 2025