Thursday, 31 December, 2020 - 11:00 Nusaned signs strategic partnerships agreements and memoranda of understanding on Wednesday. (SPA) Riyadh - Asharq Al-Awsat The Nusaned Council revealed that since its launch, it has graduated 106 investors qualified to start projects that will create 6,610 jobs and contribute more than SAR8.8 billion ($2.3 billion). The Council, an initiative launched by the Saudi Basic Industries Corporation (SABIC) in 2018, celebrated on Wednesday the graduation of 43 new investors at the SABIC Plastic Applications Development Center (SPADC) in Riyadh. It signed several strategic partnership agreements and memoranda of understanding to qualify and empower SMEs and create advanced commercial products. The MoUs and partnerships are also aimed at bolstering cooperation with the Saudi business community and universities in the areas of sustainability and innovation and develop training and manufacturing programs to contribute to localizing technologies and industries in the Kingdom.