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.