Chinese «ZTT» intends to create a factory in Saudi Arabia with $ 80 million investments
A group intends "ZTT Group" Chinese for making Cables Create a new factory in Saudi Arabia, in a move that reflects the company’s interest in expanding in the Middle East, taking advantage of the industrial capabilities provided by the Kingdom." target ="_Blank"> Investments in the new factory up to 80 million dollars (300 million riyals), while the factory will produce high -specifications cables that are able to tolerate harsh marine environments, along with the necessary energy transport lines for renewable energy integration." target ="_Blank"> Oil Gas, and expanding marine wind energy projects and electrical connection throughout the Gulf. "ZTT"To enhance regional industrial development through local manufacturing to ensure proximity to customers, reduce shipping periods, allocate solutions to Saudi and Middle East markets, as well as enhance the development of green energy infrastructure in the region. "This investment reflects our confidence in the capabilities of the Saudi market, and is in line with the goals of industrial diversification of Saudi vision 2030. We look forward to enhancing sustainable growth through local manufacturing partnerships."
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