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  1. Mubasher News
  2. MISA grants investment license to Mexico’s Zeomex

MISA grants investment license to Mexico’s Zeomex

NOHA.GAD
Jun 5, 2024
MISA grants license to Mexico’s Zeomex to invest SAR 200 million in the Kingdom

Riyadh - Sharikat Mubasher: Saudi Arabia’s Ministry of Investment (MISA) granted the investment license to Mexico’s Zeomex to invest SAR 200 million to localize manufacturing zeolite-based products for the water industry, according to the ministry’s statement.

This move aligns with Saudi Vision 2030’s goals of diversifying the national economy.

MISA also witnessed the signing of a joint venture framework agreement to establish a Saudi-Mexican joint venture (JV), Zeomex Middle East.

The new JV underpins Mexico’s efforts to explore potential investment opportunities and expand cooperation with Saudi Arabia.

Zeolite is a superior water purification material used as a sustainable and natural treatment solution for drinking water, greywater, and wastewater treatment. It can be produced synthetically with a heated solution of alumina, silica, and sodium hydroxide.

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