SIECO bags SAR 14.4 mln project to represent Saudi firms in Iraq

Saudi Industrial Export Co. (SIECO) announced that it received, on Sept. 30, a competition award notice from the Saudi Export Development Authority (SEDA) to represent Saudi firms in Iraq. 

The project is valued at SAR 14.42 million, the company said in a statement on Tadawul, indicating that it will represent 100 Saudi companies in Iraq in cooperation with SEDA. 

The company will also serve its current and future contracts through its presence in the Iraqi market to export national products in partnership with Saudi manufacturers. 

It further indicated that the contract signing date will be within 15 working days from the receiving date of the award notice, as this notification is not considered mandatory for SEDA until signing the contract. 

There are no related parties, SIECO noted. 

SIECO seeks to strengthen its cooperation with SEDA in other markets with the aim of developing and boosting Saudi exports in accordance with the Kingdom Vision 2030.