On February 19, Mohammad Abunayyan, Chairman of the Board of Directors of ACWA Power & Vision Industries, and the executive management team visited Tongwei. Liu Hanyuan, Deputy to the NPC, Vice Chairman of All-China Federation of Industry and Commerce and Chairman of the Board of Directors of Tongwei Group, and Xie Yi, Chairman of the Board and CEO of Tongwei Co., Ltd., warmly received the visitors and held a discussion with them.

Discussion meeting

At the meeting, the two parties discussed on the market conditions in the Middle East and Saudi Arabia, cooperation in module procurement and the technical route of future products. Chairman Abunayyan explained in detail the general business and future development strategy of ACWA Power, and expressed great hope for further cooperation between the two parties. He said that the "Belt and Road" initiative of China is highly aligned with the "2030 Vision" of Saudi Arabia. Since the comprehensive strategic partnership was established, the bilateral relationship centered on energy between the two countries has been progressing steadily, and this allows immense potential for close cooperation between the two companies. Saudi Arabia has a massive network of seaports, friendly business environment and strong infrastructure for new energy development, so this country will definitely be a channel for Tongwei to reach the international market. It is believed that Tongwei will become a prominent entity in the international energy market by virtue of its advantageous PV industry chain. ACWA Power, a world-leading professional developer, investor and operator in the areas including renewable energy, sea water desalination and green hydrogen energy, hopes that the two parties will, through this meeting, agree on cooperation and put it into practice. The company sincerely invites Tongwei's team to visit Saudi Arabia, so that the governments of both countries will see the intent of the two enterprises for practical cooperation in new energy and their achievements therein.

Group photo