The MoU focuses on the mutual interest of the two companies to build a factory for the manufacture of calcium carbonate and its derivatives as well as other minerals supported with the latest technology and the highest international standards. The factory will be located in Jeddah under a limited liability company.
Saleh Bin Nasser Al-Sorayai, managing director, on behalf of Al-Sorayai Group, and Abdullah Bin Saud Al-Rumaih, director general, on behalf of Al-Jazeera Paints, signed the accord.
Building the factory will take approximatley 12 to 13 months and operation will begin in the third quarter of 2014. Many industrial products rely on calcium carbonate, which is consumed by Al-Sorayai Group and Al-Jazeera Paints.