MOAJ Holding has announced a joint venture with MediSun Energy to form MediSun Arabia. With a substantial investment of $30 million from MOAJ Holding, the partnership aims to establish a cutting-edge manufacturing facility in Saudi Arabia and co-develop a Saudi Brine Management Program.
The facility will focus on producing MediSun's WEGen stacks, critical components that support renewable energy projects across the region. This development is in alignment with Saudi Arabia's Vision 2030, a national plan to diversify the economy and promote sustainability. By boosting local manufacturing capabilities, MediSun Arabia is set to play a pivotal role in the country's renewable energy transition.
One of the key aspects of this partnership is the Saudi Brine Management Program, which aims to address environmental challenges related to desalination brine. In collaboration with a leading desalination research institution, the program will focus on developing advanced brine treatment technologies, contributing to the country's sustainability goals.
Dusun Kim, CEO of MediSun Energy, commented, "This joint venture marks a significant milestone for MediSun Energy as we expand operations in Saudi Arabia. Our WEGen technology, which harnesses Reverse Electrodialysis (RED) to efficiently convert saltwater into electricity, will play a key role in advancing Saudi Arabia's sustainability targets by generating clean energy and reducing consumption. With MOAJ as our partner in the GCC, we look forward to a long-term partnership that drives meaningful impact."
HE Mohammed N. Al Jasser, Founder of MOAJ Holding, added, "We are excited to partner with MediSun Energy in this transformative joint venture. Our shared vision for advancing sustainable energy and water management in Saudi Arabia highlights the significance of this collaboration. MediSun's WEGen technology, which enhances energy efficiency while producing clean power, is aligned with the region's sustainability goals. Together, we are dedicated to delivering these innovative solutions to the broader Middle East market."
