IHCC strategic partners honored at annual ceremony

The event was attended by Sultan Sobhi Batterjee, CEO of IHCC, and senior management officials of the company.
Updated 11 November 2019

IHCC strategic partners honored at annual ceremony

The management of International Hospitals Construction Co. Ltd. (IHCC) honored its strategic partners including local and international companies during an annual ceremony held recently at Park Hyatt Jeddah. The event was attended by Sultan Sobhi Batterjee, chief executive of IHCC; Iftikhar Hussain, general manager of IHCC; and other senior management officials of the company.
Addressing the ceremony, Batterjee expressed his thanks and appreciation to IHCC’s strategic partners who he said played a great role in its success as a turnkey solutions provider.
The chief executive highlighted IHCC’s future plans, including the new projects that seek to diversify sources of income and at the same time provide additional services to the customers.
Batterjee highlighted the IHCC’s role and the social responsibility programs that it initiated to contribute to the development of the community. He emphasized that IHCC is working to meet the goals and aspirations of Vision 2030 in the field of design and construction.
CEO Batterjee presented commemorative shields to the executives of the companies attending the ceremony.
IHCC is a Saudi-based turnkey solutions provider that specializes in health care, education and mixed-use projects. It has more than 25 years of experience as a design-build company in the MENA region with extensive knowledge and experience in delivering turnkey solution projects. The company manages projects from inception to completion, including comprehensive feasibility studies, conceptualization, architectural and engineering design to civil and electro-mechanical construction, financing including complete procurement, equipping, furnishing and installation and operational management services.


SAGIA, Xylem ink $50m MoU to advance water security

Updated 05 December 2019

SAGIA, Xylem ink $50m MoU to advance water security

Water technology firm Xylem has signed an MoU with the Saudi Arabian General Investment Authority (SAGIA), representing an investment of $50 million. The agreement aims to expand Xylem’s manufacturing footprint into the Kingdom, and to better serve its portfolio of customers in Saudi Arabia and across the region.

Under the MoU, Xylem will work with SAGIA to develop and localize advanced water and wastewater products and technologies to address water challenges in Saudi Arabia, as well as increase its footprint of service points and rental fleets across the Kingdom. A core objective of the MoU is to accelerate adoption of digital water solutions and optimize utility networks across the Kingdom.

The proposed multimillion-dollar investment will not only help build a vibrant local supply chain, but also see Xylem bringing additional commercial opportunities into the Kingdom, with the wider aim of improving water solutions locally. The agreement is in line with the goals of Saudi Vision 2030 to promote economic diversification through investments in localization that will also contribute to the export of “Made in Saudi” products across the world.

The MoU was signed on the sidelines of the Future Investment Initiative (FII), commonly known as the “Davos in the Desert,” by Ibrahim A. Al-Omar, governor of SAGIA, and Steven Leung, senior vice president and president, emerging markets of Xylem, in the presence of senior officials of both entities and Frank Ackland, managing director Xylem Middle East.

Al-Omar said: “As Saudi Arabia welcomes investors and decision-makers from across the globe to this annual global investment platform, the agreements exchanged here reflect the strength and diversity of the economy. Under Saudi Vision 2030, Saudi Arabia is undergoing an ambitious program of economic reform, and the world is taking notice. This month, Saudi Arabia climbed 30 places in the World Bank’s Doing Business 2020 report, becoming the most improved economy globally. The indicators are
clear: Saudi Arabia is not only open for business, it’s the economy of the future.”

Leung added: “As Xylem continues to lead the water sector’s digital transformation globally, this MoU presents an opportunity to leverage our market-leading portfolio and application expertise to advance water security in Saudi Arabia. Through our investment of $50 million, and with our strong presence in Saudi Arabia, backed by our dedicated office and team, we are committed to creating in-Kingdom value through our investments and partnerships. We are thankful to SAGIA for the opportunity to directly contribute our expertise to the development vision of the leadership, as the Kingdom embarks on its ambitious transformation program.”