AVK Saudi Valve Manufacturing Co Ltd (AVK SVMC) has entered into a strategic Memorandum of Understanding with Hyundai Engineering & Construction to deepen collaboration in local production, technology exchange, and integrated supply-chain development across Saudi Arabia’s industrial and infrastructure sectors. The initiative aligns closely with Saudi Vision 2030 and Aramco’s Namaat industrial growth program.
The agreement was signed during Hyundai E&C’s Saudi Strategic Partners Partnership Program in Seoul, a two-day forum that brings together the company’s key partners from the Kingdom. AVK SVMC joined the event as a previous recipient of Hyundai’s prestigious H-Prime Leaders Award—an honour awarded to only eight suppliers out of more than 8,700 worldwide.
The collaboration focuses on increasing the local production of valves and associated components to support Hyundai Engineering & Construction’s ongoing and future projects across the Kingdom. By expanding domestic manufacturing capacity, the partnership aims to enhance supply reliability and reduce dependence on imported industrial equipment.
Another core element of the cooperation is the transfer of advanced technologies and engineering expertise. This includes joint efforts to elevate innovation, streamline operations, and reinforce safety standards, ensuring that both companies benefit from shared technical capabilities.
The agreement also emphasizes the importance of contributing to Saudi Arabia’s localization agenda. By strengthening local industry participation and developing skilled capabilities within the Kingdom, the partnership supports long-term economic diversification.
In addition, both companies are committed to aligning their efforts with Saudi Vision 2030’s sustainability goals. Through closer public-private collaboration, the partnership seeks to advance environmentally responsible practices and deliver long-term value to the Kingdom’s industrial ecosystem.
AVK SVMC, a leading valve manufacturer in the region, has built a strong reputation for delivering high-quality industrial valves designed to meet global standards. The company is known for its focus on innovation, safety, and precision engineering, supplying critical components for water, wastewater, oil, gas, and industrial applications. With a commitment to advancing local manufacturing capabilities, AVK SVMC continues to invest in technology, workforce development, and sustainable production practices to better serve regional infrastructure and industrial needs.
Hyundai E&C is one of the world’s most prominent engineering, procurement, and construction companies, recognized for its expertise in delivering large-scale infrastructure, energy, and industrial projects. With a strong global footprint, the company combines advanced engineering solutions with a commitment to safety, quality, and environmental stewardship. Hyundai E&C’s operations span complex projects such as petrochemical facilities, power plants, transportation infrastructure, and smart city developments, making it a trusted partner for governments and industries worldwide.
