KSA Signs MoU with LG to Manufacture AC Compressors

Saleh bin Ali AlKhabti, Saudi Arabia’s Undersecretary of the Ministry of Investment, signed a memorandum of understanding (MoU) with LG to Manufacture AC compressors.  The MoU will enhance the attraction of other industries, such as refrigerators and televisions for assembly in the Kingdom.

AlKhabti also explained that bringing in industries that attract other industries is part of the ministry’s goals for fixed capital formation.

Several teams at the Ministries of Investment and Industry are working together to localize more industries with the aim of serving not only the local markets but also regional markets


Manufacturing AC compressors in Saudi Arabia

With the hot desert climate that dominates much of the region, air conditioning is a necessity for both residential and commercial buildings.

The manufacturing process of AC compressors involves several steps, starting with the design and engineering of the product. KSA Compressors employs a team of skilled engineers and technicians who work tirelessly to develop innovative and efficient compressors.

Saudi Compressors also offer installation, maintenance, and repair services to ensure that customers get the most out of their products.


Saudi Vision 2030

KSA 2030 is a strategic framework to reduce Saudi Arabia’s dependence on oil, diversify its economy, and develop public service sectors. In addition, it aims to transform the country into a global investment powerhouse and a hub connecting three continents.

The MoU is also in alignment with the Kingdom’s Vision 2030 goals of transforming Saudi Arabia into an industrial leader and a global logistics hub.

Furthermore, the MoU signifies KSA commitment to not just local industry enhancement, but also positions Saudi Arabia as a potential hub for assembling   electronic products.

Saudi – LG MoU

Earlier, Al Hassan Ghazi Ibrahim Shaker Co. (Shakersigned, on Feb. 12, a non-binding MoU with LG and the Saudi Ministry of Investment for the manufacturing of AC compressors in the Kingdom.

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