Saudi Arabia’s Amkest Group signs deal with US green energy firm

Saudi Arabia’s Amkest Group signs deal with US green energy firm

Saudi Arabia's Amkest Group signs deal with US green energy firm The deal comes on the back of an expectation that Saudi Arabia will attract more than $20bln in investments in renewables over the next decade    Image used for illustrative purpose. Cropped Image Of Insurance Agent Discussing With Client At Desk.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 Saudi Arabia for the sale of Pacific Green environmental technologies. Amr Khashoggi, chairman of Amkest Group, said: "We believe the combination of our experience and knowledge of the Saudi market, coupled with Pacific Green's portfolio of technologies, provides the foundation for an incredible partnership and the opportunity to offer multiple complementary technologies.“Pacific Green is focused on addressing the world's need for cleaner and more sustainable energy. Its expansion into Saudi Arabia 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 Saudi Arabia will attract more than $20 billion in investments in renewables over the next decade. This