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Naqi Water Company and Belad Al Sham Contracting Company Partners to Boost Saudi Arabia’s Egg Output
Dec 31, 2024•over 1 year ago
Contract Type
partnership
Saudi ArabiaWaterDescription
Naqi Water Company, in partnership with Belad Al Sham Contracting Company, is investing 12.31 million riyal (SAR; US$3.28 million) to increase egg production in Saudi Arabia by as much as 450% to 165 million eggs per year. The official launch of the project was last week, with completion scheduled for September of 2025.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months