Energy Ministry sponsors deals to localize central inverter manufacturing
Saudi Arabia's Energy Ministry has backed two agreements to localize and transfer expertise in central inverter manufacturing, aiming to boost national capabilities.
The Saudi Energy Ministry has endorsed two agreements to localize central inverter manufacturing and transfer associated expertise, with the goal of enhancing national capabilities. In a statement shared on its X platform account, the Ministry of Energy highlighted that these agreements will foster the growth of local capabilities and bolster the competitiveness of the energy sector.
The pacts were inked by the Local Content and Government Procurement Authority, Solar Nest, and Al-Rawafed Renewable Energy Company. This initiative seeks to raise the localization rate of sector products, fortify national capabilities, and generate high-skilled job prospects for Saudis. By localizing the industry and transferring knowledge, the plan aims to improve supply chains, foster local investment, and cultivate specialized industries within the Kingdom.
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