Saudi Industrial Property Authority (Modon) and National Industrial Clusters Development Program have signed a memorandum of understanding (MoU) with Goldwind Science & Technology to explore wind-turbines manufacturing opportunities in the kingdom.

Goldwind Science & Technology is a Chinese company specialising in the manufacturing of wind turbines and accessories.

As per the agreement, Modon will allocate land to the Chinese company in its industrial cities, whereas the National Industrial Clusters Development Program will assist the company in identifying investment opportunities and support its search for local partners.

The agreement was signed by Modon’s director of marketing and corporate communications Bandar Al Toaimi; and vice president plastics and chemical sector engineer Tariq Buksh; while the executive vice president of Goldwind Science & Technology, Wu Kai, signed on behalf of the Chinese company.

Al Toaimi praised the role of partnerships in the implementation of the Kingdom's vision 2030, its ability to stimulate industrial growth in the kingdom and create the right environment by bringing international expertise, knowledge transfer and localisation, it stated. – TradeArabia News Service