(Alliance News) - TMP Group Spa announced on Monday that it has signed an exclusive supply framework agreement with Events Zone, a major events management company headquartered in Riyadh City, Saudi Arabia.

The partnership, which will run until the end of 2024, sees TMP Group as the sole strategic partner in the production of major events in Saudi Arabia by supporting Events Zone "in offering an innovative panel of high-quality services in the major events sector and enabling technologies for producing experiences," as the company explained in a note.

"TMP Group, through its Digital, Technology, Experience and Media Production vertical divisions, will provide the Saudi company with all production structure, technical-strategic staff as well as creative and operational expertise to serve Events Zone's current and potential client portfolio."

Events Zone, on the other hand, will be responsible for event planning and contract management on the active client package.

TMP Group closed Monday up 7.9 percent to EUR5.20 per share.

By Claudia Cavaliere, Alliance News reporter

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