News of the MOU $100 million deal published in Saudi Arabia in which this company owns a 6.1% stake per the alloted B5 shares forms.
Worth one hundred million dollars Saudi alliance - Irish for the development of recycling of municipal waste in the UK industry 18:25 - April 21, 2015
Riyadh-Harmony: The Saudi initiative for development and the company's Irish company to convert waste (GREW Energy) memorandum of understanding to set up a factory for the same end in the UK, using sophisticated technology is based biological analysis of the waste without the need for costly pre-screening.
The cost of the plant worth one hundred million dollars, depending on the technological capabilities of the company's Irish owned in the field of waste-to-energy, fertilizers and other products, in a move to encourage practices and similar investments in Saudi Arabia, and is expected to achieve factory rewarding profits for investors, as well as achieve the significant gains on the level of environmental purification and waste treatment and optimal employment of the territory of Maradim.
The signing of a memorandum of understanding between the members of the coalition at the headquarters of the Council of Saudi Chambers in Riyadh under the auspices of the Minister of Labour, Commerce and Innovation, Mr. John Burton Irish and Irish Ambassador to the Kingdom Mr. Tony Cotter.
The m. Khalid bin Abdul Rahman Al-Othman, CEO of Saudi Arabia's initiative for development, satisfaction with the reached an agreement with the company (GREW Energy) after the journey Search for sophisticated technology in the field of treatment and recycling of municipal waste and alternative energy-based waste, pointing out that the Convention in the interest of the common goals effective contribution in the field of environmental protection.
For his part, Head of Operations Pierce Oukain Irish company stressed that the signing of a memorandum of understanding to invest in the field of recycling waste in Saudi Arabia through the alliance with the company's initiative to achieve a sophisticated and secure solutions in Saudi Arabia.
O'Kane added that during our search for the best in order to export our expertise partner and we found that with a disciplined diversity initiative group companies largely raised our surprise, it has an integrated and clear awareness towards the requirements of the industry and markets waste processing and alternative energy.
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