San Antonio-based S2C Global Systems Inc. inked a preliminary agreement with a United Arab Emirates company that, if finalized, would allow bottled water to be shipped from Alaska to the Middle East.
S2C Global (OTCBB: STWG) is working with AKO Holding in the UAE. The agreement calls for the sale of billions of gallons of bulk water, S2C’s distribution technology and the establishment of packaging and receiving facilities in Saudi Arabia, Qatar, Bahrain, Yemen, Kuwait, Oman, United Arab Emirates, Jordan, Libya, Syria, Egypt and Kazakhstan.
AKO Holding is currently in discussions with a Saudi Arabia group to negotiate the price and terms of the bulk water agreement. The company has offices in Dubai and Abu Dhabi. AKO is owned by Adel Al Otaiba and has investments in oil and gas, aviation, finance and real estate.
S2C Global has subsidiaries in Alaska, British Columbia and Nevada. The company’s Alaska Resource Management LLC subsidiary has a partnership with True Alaska Bottling to export water from the water sheds of Baranof Island, Alaska.
Subscribe to:
Post Comments (Atom)
Trey Wilson: Texas Water Lawyer -- Texas Groundwater Permit and Water Rights Attorney
Trey Wilson -- Texas Water Lawyer, Groundwater Permit and Water Rights Attorney
No comments:
Post a Comment