Mittal to take Pune aluminium formworks to global projects
Knest, India’s largest and the world’s fastest growing aluminium formwork company from Pune, has signed a Memorandum of Understanding (MOU) with ABR Jeddah Contracting Co to set up an aluminium formwork factory in Saudi Arabia that will boost its supply to the Middle East and North Africa (MENA) markets.
The signing event was organised on 11 Sept as part of the India – Saudi Investment Forum 2023 during the G20 Summit in New Delhi.
The MOU has been endorsed by key government and industry partners including Saudi Arabia’s Ministry of Investment, India’s Ministry of Commerce & Industry sndf the Federation of Indian Chambers of Commerce & Industry (FICCI).
Along with the investments, the alliance is set to kickstart knowledge sharing and collaborative growth in the sector.
Knest Chairman and MD Nitin Mittal said on 15 Sept 2023, “The effort is to take Knest to the world, and continue building an efficient, inter-connected and consistently productive global real estate ecosystem. We are grateful to both the Indian and Saudi Governments for supporting us in creating value for all.”
“Our vision is to start using the technology in Neom, Al-‘Ula & National Housing Company for housing and commercial projects. We are confident that working with Knest and India will be a watershed moment for all,” said Yaser A. Almalki, Chairman, ABR Jeddah, on signing the MoU with Knest.
“Knest is a pioneer in the aluminium formwork industry, and we have been fascinated by their value engineering. And then take it to the entire MENA region,” he added.
Knest is a construction-tech solutions company with aluminium formwork offerings for real estate and infrastructure development. An Indian multinational from Pune, Knest has worked with 500+ clients in over 8 countries. fiinews.com
