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Home » Finance » Desert Technologies to Invest USD 200 Million in Solar Manufacturing Facility
Finance

Desert Technologies to Invest USD 200 Million in Solar Manufacturing Facility

By Thomas KnightNovember 5, 20241 Min Read
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Credit: Desert Technologies
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Desert Technologies plans to invest SAR 750 million (USD 200 million/EUR 183.4 million) in the construction of a 5-GW solar panel and cell factory in Jeddah’s third industrial zone on Saudi Arabia's west coast. The company has partnered with the Saudi Authority for Industrial Cities and Technology Zones, known as Modon, to develop the industrial

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