In cooperation with the National Industrial Clusters Development Program (Program)
Saudi Industrial Property Authority (MODON), and the National Industrial Clusters Development Program (Program), signed today in Jeddah, Memorandum of Understanding with Goldwind Science & Technology Co., Ltd., a Chinese company specializing in the manufacturing of wind turbines and accessories, to assist the company in in an effort to explore investment opportunities in this field in the Kingdom.
The three-party Memorandum of Understanding on the sidelines of the Saudi-Chinese Investment Forum, which took place Thursday at the Ritz Carlton Hotel in Jeddah, was signed by Mr. Bandar Al-Toaimi, Director of Marketing and Corporate Communications on behalf of Director General of MODON and Eng. Tariq Buksh, Vice President Plastics and Chemical sector, on behalf of the President of the Program, while Mr. Wu Kai, the Executive Vice President of Goldwind Science & Technology Co., Ltd. signed on behalf of the Chinese company.
The Memorandum states that “MODON” will allocate land to the Chinese company in its industrial cities, whereas the National Industrial Clusters Development Program will assist the company in identifying investment opportunities and supporting its search for local partners.
Al-Toaimi praised the role of partnerships in the implementation of Saudi vision 2030, its ability to stimulate industrial growth in the Kingdom, and to create the right environment by bringing international expertise, knowledge transfer and localization.