Saudi Arabian financial news outlet Argaam reports that the MoU signed on September 17 is non-binding and will remain valid for five years. The agreement may be renewed, amended, or terminated by mutual written consent of the parties.
Under the agreement, the firm is expected to prepare a comprehensive implementation proposal covering technical, financial, and execution aspects of the project, which will be submitted to the relevant Rwandan authorities for approval.
At this stage, the company stressed that the financial impact of the MoU remains unknown.
The MoU is part of Al Kathiri's broader strategy to expand into international markets and export modern construction technologies abroad.
The company, founded in 2016, specialises in advanced building systems and the manufacture of ready-mixed concrete products for the modern construction technology sector. Based in Riyadh, it works to provide solutions for energy-efficient and sustainable construction in alignment with Saudi Vision 2030.
Rania Umutoni
