Concrete factory, Saudi Arabia
The Swedish Export Credit Agency (EKN) is considering a guarantee for financing of equipment to the project ”Abyat Ready Mix Riadh” in Saudi Arabia.
The project involves construction of a factory, which will produce concrete for the construction sector. The project has a preliminary classification as category A. The key environmental and social risks and impacts from the project relate to labour and working conditions and climate impact. EKN conducts Environmental and Social (E&S) due diligence of the project. EKN is engaged in close dialogue with involved parties to ensure that risks are managed in line with international standards.
The information was published on EKN's website www.ekn.se on November 8th, 2024. Comments on the project can be shared with EKN at info@ekn.se for at least 30 days. This procedure is in accordance with the OECD Recommendation on Common Approaches for Export Credit Agencies (ECAs), the so-called “Common Approaches”.
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