Hassana, Saudi Aramco sign MoU in facility development, management

The signing ceremony

Hassana Investment Co. signed a memorandum of understanding (MoU) with Saudi Aramco to look into opportunities for cooperation in the field of facility management and development.

Jamil Al-Baqaawi, Senior Vice President for National Development, Saudi Aramco, said that cooperation with Hassana Investment in the field of facility management represents a supportive step for developing the future of the sector, Saudi Press Agency (SPA) reported.

Through this MoU, Aramco seeks to make a quantum leap in this field by raising the level of service and applying the latest technologies and energy efficiency services, he added.

For his part, Saad Al-Fadhli, CEO of Hassana Investment, said that the company is looking forward, through this cooperation, to be a leader in providing services and innovative solutions for managing and developing facilities, using high-quality standards. This is by contributing to the sustainability of buildings and working to raise the level of quality of life in the Kingdom.

He also added that the MoU comes as an extension of the company's investment strategy that follows best international practices and standards to achieve the best possible investment returns in the long term.