Arctech Signs Land Lease Agreement with Saudi MODON, Strengthening Overseas Production
JEDDAH, Saudi Arabia, April 29, 2024 /PRNewswire/ -- Recently, Arctech signed a land lease agreement with Saudi Arabia's MODON regarding the construction of Arctech's factory in Jeddah, marking a new phase for Arctech's Saudi factory investment.
- JEDDAH, Saudi Arabia, April 29, 2024 /PRNewswire/ -- Recently, Arctech signed a land lease agreement with Saudi Arabia's MODON regarding the construction of Arctech's factory in Jeddah, marking a new phase for Arctech's Saudi factory investment.
- Upon completion, it will become Arctech's second overseas production base following Gujarat, India.
- Coupled with Arctech's global supply chain, the localized production enables a 10GW local delivery capacity, bolstering supply chain resilience overseas.
- This agreement signifies a new start for Arctech to implement the "Belt and Road" cooperation initiative.