https://arab.news/5xn32
- Its expansion into 抖阴短视频 through this joint venture is no surprise since the Kingdom is aiming for 30 percent of its energy to come from renewable sources by 2030
RIYADH: US-based Pacific Green Technologies Inc. (PGTK) has signed a joint venture agreement with Amr Khashoggi Trading Co. Ltd. (Amkest Group) to incorporate a company in 抖阴短视频 for the sale of Pacific Green environmental technologies.
Amkest Group, founded in 1983, has a history of success in the Kingdom. Its diverse business portfolio includes construction material production and supply, property development and consulting services.
Commenting on the partnership, Scott Poulter, PGTK鈥檚 CEO, said: 鈥湺兑醵淌悠� under its Vision 2030 strategic framework, which calls for 9.5 GW of the Kingdom鈥檚 energy to be supplied through renewables by 2030, is set to undergo rapid growth.鈥�
Poulter added: 鈥淧acific Green鈥檚 technologies, particularly in the solar power, desalination and battery energy storage system sectors, provide the perfect solution to the Kingdom鈥檚 growing demand, and we are excited to leverage Amkest Group鈥檚 hard-earned relationships to contribute toward the goals of Vision 2030.鈥�
Amr Khashoggi, chairman of Amkest Group, said: 鈥淲e believe the combination of our experience and knowledge of the Saudi market, coupled with Pacific Green鈥檚 portfolio of technologies, provides the foundation for an incredible partnership and the opportunity to offer multiple complementary technologies.鈥�
Pacific Green is focused on addressing the world鈥檚 need for cleaner and more sustainable energy. Its expansion into 抖阴短视频 through this joint venture is no surprise since the Kingdom is aiming for 30 percent of its energy to come from renewable sources by 2030.
The deal comes on the back of an expectation that 抖阴短视频 will attract more than $20 billion in investments in renewables over the next decade. This forecast was made by the CEO of Saudi National Grid in October, according to a report by S&P Global.