Saudi-based Al kathiri Holding Company said one of its subsidiary companies - Alian Industry Co - has signed a non-binding agreement with leading Italian company Emmedue (M2) for the transfer of modern construction technology.

The company, which is based in Fano (Pesaro-Urbino), Italy, has developed and commercialised the Emmedue Advanced Building System globally over the last 35 years.

It is a world-class building technology that is unique to traditional construction methods, saving cost and time spent in construction, flexibility in applying modern architectural designs, and achieving the highest standards of acoustic and thermal insulation.

As per the MoU, the Italian group will help transfer the technology for the production of concrete panels three-imensional to Al Kathiri Holding Company.

The transaction also involves the sale of machinery and equipment by M2 for the process of manufacturing the panels and transfer of expertise and the processing and training of employees on the mechanism of manufacturing and construction, said Al Kathiri Holding Company in its filing to the Saudi bourse Tadawul.

This co-operation comes in the interest of the Saudi company to search for the best and most modern building methods, which provides more time and cost for the construction of modern buildings of high quality, it added.-TradeArabia News Service

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