Chinese Clean Energy Giants Invest $3 Billion in Saudi Manufacturing
New solar and wind production plants aim to make Saudi Arabia a global hub for renewable technology exports.
- Jinko Solar, TCL Zhonghuan, and Envision Energy to build major facilities in Saudi Arabia.
- The projects are part of Saudi Arabia's strategy to diversify its economy and localize advanced technologies.
- Chinese firms are shifting focus to the Gulf due to Western trade barriers and competition in domestic markets.
- Investments include a $985 million solar cell plant and a $2.08 billion photovoltaic silicon facility.
- The collaboration is expected to significantly boost energy trade between China and the Middle East.