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The joint venture agreement
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2024
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Nesma United Industries Delivers Qiddiya Project
The joint venture agreement
"NUI - Almoayyed Unincorporated Joint Venture" between Nesma United Industries (NUI) and Almoayyed Contracting Group. This joint venture will undertake specified works as per awarded contracts.
The joint venture agreement was signed on May 29, 2024, by Mr. Naif Alabeedi, Deputy CEO of NUI, and Mrs. Hala Almoayyed, Executive Director of Almoayyed Contracting Group. The agreement outlines a collaborative framework with clearly defined roles, shared responsibilities, and an organized approach to managing the projects. NUI will act as the leader and legal representative of the joint venture.
A supervisory board, comprising representatives from both companies, will oversee the venture's operations, finances, and strategic decisions. We are confident that this partnership will leverage the strengths and resources of both organizations to achieve successful project outcomes. We look forward to working together and making significant contributions to the industry's growth and development
Nesma United Industries Delivers Qiddiya Project
In January, Nesma United Industries (NUI) delivered a SAR 287 million turnkey project in Qiddiya that involved engineering, procurement and construction. The scope of work entailed a potable water pumping plant yielding up to 7,500 m3 daily production, irrigation water pumping plant, sewage treatment plant with a capacity of 1,500 m3 daily, district cooling plant with a cooling load of 12,490 tons daily, a six km corridor trench with piping, medium voltage cables & ICT networks and a 1.8 km culvert tunnel network of storm & sewage piping.