Saudi pushing LED lighting projects

　　Although Saudi Arabia has vast oil reserves , but there is the issue of energy waste in recent years , so the Saudi government to promote energy conservation and sustainable development , and to encourage public-private project using energy-efficient LED systems. Facing huge market prospects Saudi LED , Philips Lighting Company in cooperation with the Saudi local companies , want to achieve large-scale business expansion in the Saudi market .

　　General Lighting Company (GLC) is a Saudi lighting industry leader. On Tuesday, the company announced an agreement with the global lighting industry leader Philips Lighting Company , will set up a joint venture in Saudi Arabia.

　　The joint venture will provide a full range of LED lighting solutions, while General Lighting Company will consolidate the existing market position in Saudi Arabia . General Lighting will follow the Saudi government 's energy efficiency targets to achieve sustainable development technology market growth . Meanwhile, with the help of Philips LED professional advantage and the advantage of lower global supply chain , General Lighting Company will be unleashed to further increase its market expansion capability.

　　The joint venture will provide LED products , systems and services throughout the lighting market , will also produce and distribute professional LED lighting. The joint venture is expected to employ 1,300 workers , will further promote regional economic development , and help to strengthen the ideals of Saudi Arabia to realize the local manufacturing sector .