Saudi Arabia pushes LED lighting project

Although Saudi Arabia has abundant oil reserves, there is a problem of energy waste in recent years. Therefore, the Saudi government advocates the path of energy saving and sustainable development, and encourages public and private projects to adopt energy-saving LED systems. Facing the huge prospect of the Saudi LED market, Philips Lighting Co., Ltd. cooperates with local Saudi companies to achieve large-scale business expansion in the Saudi market.

Hugo.com learned from the report of the Saudi Gazette on March 25 that General Lighting Company (GLC) is a leader in the Saudi lighting industry. On Tuesday, the company announced an agreement with global lighting industry leader Philips Lighting to set up a joint venture in Saudi Arabia.

The joint venture will provide a full range of LED lighting solutions and will consolidate General Lighting's position in the Saudi market. General Lighting will achieve market growth with sustainable technologies in accordance with the Saudi government's energy-saving goals. At the same time, with the help of Philips' LED expertise and global supply chain advantages, General Lighting will be even more powerful to further increase its market expansion capabilities.

The joint venture will provide LED products, systems and services for the entire lighting market, and will also manufacture and distribute specialized LED lighting fixtures. The joint venture, which is expected to employ 1,300 people, will further boost the regional economy and help Saudi Arabia realize its vision of strengthening its local manufacturing industry.