Saudi Arabia’s Amkest Group signs deal with US green energy firm
- Date: 05-Dec-2020
- Source: Arab News
- Sector:Technology
- Country:Saudi Arabia
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
Saudi Arabia's Amkest Group signs deal with US green energy firm
Amr Khashoggi, Chairman of Amkest Group and Scott Poulter, Chief Executive of Pacific Green Technologies
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Saudi Arabia's Amkest Group signs deal with US green energy firm
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
Updated 05 December 2020
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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.
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's CEO, said: "Saudi Arabia under its Vision 2030 strategic framework, which calls for 9.5 GW of the Kingdom's energy to be supplied through renewables by 2030, is set to undergo rapid growth.“
Poulter added: "Pacific Green's technologies, particularly in the solar power, desalination