Rosatom MENA and Sumou Holding Company sign Memorandum of Understanding (KSA)

On May 15, 2018 in Sochi, within the framework of the X International Forum “ATOMEXPO 2018”, Rosatom MENA, the regional center of the State Atomic Energy Corporation Rosatom in the Middle East and North Africa, and the Saudi-based Sumou Holding Company, one of the world’s largest specialized energy and construction companies, signed a Memorandum of Understanding (MoU) aimed at furthering cooperation between the two parties across several key directions.

The document was signed by the Director of Rosatom MENA, Alexander Voronkov, on Russian side, and the Chief Executive Officer of Sumou Holding, Saeed Salem Al Nahdi, on the Saudi side.

The document paves the way for exploring opportunities for cooperation between two companies across a wide range of areas of expertise, such as implementation of wind power generation projects, including construction and maintenance of wind farms in Saudi Arabia; supply of security systems for infrastructure facilities; supply of isotope products for non-destructive testing and other uses, supply of pumping equipment for municipal and industrial use and possible local set-up in Saudi Arabia and similarly for other areas of mutual interest.

Alexander Voronkov commented, ‘We welcome MENA countries’ decisive steps towards adopting innovative technologies that further the region’s economic, scientific and technical development, and are optimistic that this MoU will enable us to expand our cooperation in areas where we have accumulated expertise and experience. We are happy to have Sumou Holding, a remarkable player in energy and construction market, as partner and feel confident that our cutting-edge solutions will meet with significant demand and find useful applications in MENA markets.’

On the other hand, Saeed Al Nahdi stated that the vision of 2030 of Saudi Arabia encourages international partnership to accelerate development in targeted sectors. Our collaboration with Rosatom is aimed towards achieving goals under this ambitious plan of the kingdom in energy, technology and industrial advancement.