Latest news with #Sidel
Yahoo
14-05-2025
- Business
- Yahoo
New Saudi deal aims to grow food packaging sector
Saudi Arabia has signed a memorandum of understanding (MoU) with global packaging firm Sidel to evaluate the establishment of advanced packaging operations within the Kingdom. The agreement, signed in Paris during an official ministerial visit to France, aims to support the localisation of high-tech manufacturing capabilities and strengthen the food and beverage packaging sector. The MoU was formalised by Eng. Saleh AlSolami, CEO of the Saudi National Industrial Development Center (NIDC), and Clive Smith, Executive Vice President of Customer Management for Asia, Oceania, and Africa at Sidel. The signing was attended by Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and Sidel CEO Pietro Cassani. The agreement outlines a plan to jointly assess the feasibility of establishing local production and services in Saudi Arabia. This is in response to increasing demand within the Kingdom's food and beverage packaging market, a sector viewed as central to broader industrial growth under the Vision 2030 framework. By localising advanced packaging technologies, the partnership seeks to facilitate knowledge transfer and enhance industrial self-sufficiency. According to officials, Sidel's global expertise could help the Kingdom develop competitive capabilities across strategic sectors. The deal forms part of Saudi Arabia's efforts to attract foreign direct investment and deepen cooperation with multinational companies. The NIDC described the agreement as a step toward building long-term, value-added partnerships that promote economic diversification and private sector development. The Minister's visit to France also includes meetings with senior executives from leading industrial firms such as Airbus, Safran, and Lesaffre. These discussions are intended to explore further cooperation in high-tech sectors and support the Kingdom's broader industrial strategy. Saudi Arabia has reaffirmed its commitment to creating an attractive environment for global investors in manufacturing and packaging. Officials highlighted the availability of financial incentives, skilled local talent, and regulatory support designed to enable the localisation of international supply chains. The Sidel agreement reflects a broader ambition to enhance the Kingdom's industrial base by partnering with companies that bring innovation, advanced processes, and long-term investment potential. The initiative is expected to support local manufacturers and help reduce reliance on imported packaging solutions. "New Saudi deal aims to grow food packaging sector" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
10-05-2025
- Business
- Yahoo
Saudi Arabia and Sidel sign MOU to explore local packaging operations
Saudi Arabia and packaging solutions company Sidel have signed a memorandum of understanding (MOU) in Paris, France, to explore the development of packaging operations within the kingdom. The deal was signed during the Saudi minister of industry and mineral resources' official visit to France. The MOU was signed by Saudi National Industrial Development Center CEO Saleh AlSolami and Sidel Customer Management AOA executive vice-president Clive Smith. The deal reflects Saudi Arabia's intent to attract global partners to localise advanced manufacturing. It is part of efforts to foster technology transfer within key industrial sectors in the country. AlSolami said: 'Sidel is a global leader in the packaging solutions market and a source of valuable sectoral knowledge. 'This partnership supports our ambition to build globally competitive industrial capabilities across strategic sectors. We welcome partners who share our long-term vision and are ready to invest in Saudi Arabia's industrial base and people.' The MOU includes a joint evaluation of establishing local services and training programmes. This assessment will focus on meeting the needs of the food and beverage packaging market. The move aligns with Saudi Arabia's Vision 2030 goals for economic diversification and private-sector development. National Industrial Development Program industrial services vice-president Yousef Dhahi said: 'Our partnership with Sidel was established after a thorough assessment of market needs and the expectation for significant value-added contributions to manufacturers in Saudi Arabia. 'Sidel has been in high demand among many manufacturers in the food and beverage sector.' In January this year, Sidel unveiled a packaging solution built for high-speed output, using 100% recycled polyethylene terephthalate for still beverages such as water and juice. "Saudi Arabia and Sidel sign MOU to explore local packaging operations" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Asharq Al-Awsat
08-05-2025
- Business
- Asharq Al-Awsat
Saudi Industry Minister Meets with French Industrial, Mining Executives
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held on Wednesday a series of bilateral meetings with senior executives and prominent leaders from the French industrial and mining private sectors during his official visit to France. The meetings, aimed at exploring joint investment opportunities in the industry and mining sectors and fostering greater collaboration and knowledge exchange, underscore the ongoing commitment to strengthening bilateral ties between Saudi Arabia and France. Alkhorayef met with Orino Mining chief executive, Bel Group chief impact officer, Sidel president and chief executive, and Safran chief executive to discuss potential avenues for cooperation that are vital to both nations' economic growth. The meeting was attended by Local Content and Government Procurement Authority (LCGPA) Chief Executive Abdulrahman Al-Semari and National Industrial Development Center (NIDC) Chief Executive Eng. Saleh Al-Solami. Discussions covered boosting cooperation in mining, aerospace, and food manufacturing and packaging. The Saudi delegation also highlighted the Kingdom's attractive investment environment and incentives available to investors. The meetings come within the framework of strengthening bilateral economic ties and attracting quality investments to the Kingdom, particularly in the industrial and mining sectors. Moreover, Alkhorayef witnessed the signing of a memorandum of understanding (MoU) between Sidel, a leading global French packaging manufacturer, and Saudi Arabia's NIDC. The MoU aims to establish a regional service hub and a specialized center for industrial human capital development in Saudi Arabia.
