Chinese companies are playing a pivotal role in the flourishing PV market in the Middle East and North Africa.. In 2023, Chinese enterprises achieved remarkable success in various PV projects across the region.
As the global construction market continues to evolve, the Middle East, particularly Saudi Arabia and the United Arab Emirates, has emerged as a significant market for the windows, doors, and façades industry.
In recent years, Saudi Arabia’s cloud computing market has witnessed unprecedented growth, with a continuously expanding market size and promising development prospects.
Solargiga Energy has recently signed an agreement with the globally renowned EPC company, Larsen & Toubro (L&T), to provide inverter solutions for Saudi Arabia’s NEOM New Future City 2.2 GWac single-unit photovoltaic project.
In March this year, the Egyptian government approved an application by China Energy Engineering Group to build a $5.1 billion project in the country.
CNPC Engineering & Construction Gulf Region Company has been awarded the EPCM (Engineering, Procurement, and Construction Management) contract for ADNOC Onshore’s P5 station external facilities project.
Growing Middle Eastern interest in China involves significant investments across sectors. Positive economic outlook, aligned development strategies, and China’s attractive industries drive this trend.
Recently, the Public Authority for Housing Welfare (PAHW) in Kuwait announced the awarding of a contract for the South Saad Al-Abdullah housing project to China’s CGGC INTERNATIONAL LTD.
On September 3, 2023, the Shanghai Stock Exchange (SSE) and the Saudi Exchange Group (SEG) inked a Memorandum of Cooperation in the Saudi capital, Riyadh, laying the groundwork for collaboration and development between the two exchanges.
