Provider: Thomson Reuters StreetEvents
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Soitec SA Signs Memorandum of Understanding with Khaled Juffali Company
Soitec SA announced that it has signed a memorandum of understanding (MOU) with Khaled Juffali Company (KJC), a Saudi Arabian investment company, to cooperate in driving solar industry growth in Saudi Arabia and the Middle East. Under the MOU, the two companies will create a joint venture to market and sell concentrator photovoltaic (CPV) systems in the Kingdom of Saudi Arabia, maximizing the local content. Soitec SA will provide the technical and commercial solar expertise, while KJC will facilitate access to key local and regional stakeholders and share its long track record in managing international joint ventures.
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