Myeongjin Technology Signs MOU with Abdulaziz Saud Abunayyans TRD

[(Front row left) Fahad Abunayyan, CEO of Abdulaziz Saud Abunayyan's TRD company, (Front row right) Seon-gyu Choi, CEO of Myungjin Technology]

MJ Tech Inc., headquartered in Namdong-gu, Incheon, and led by CEO Seon-gyu Choi, announced on the 30th of last month at the Korea-Saudi Business Forum that it signed a Memorandum of Understanding (MOU) with Abdulaziz Saud Abunayyan trd Co. This agreement was conducted to carry out local product verification tests in Saudi Arabia using eco-friendly solar panels and innovative power generators.

Following the completion of local product testing through this MOU, MJ Tech Inc. will actively supply products to major national projects in Saudi Arabia and local eco-friendly renewable energy power generation projects, as well as energy projects worldwide worth tens of trillions of won, in partnership with Abdulaziz Saud Abunayyan trd Co.

Abdulaziz Saud Abunayyan trd Co., participating as part of the Saudi economic cooperation delegation at the Korea-Saudi Business Forum, is a leading company specializing in eco-friendly solutions, operating since 2014, and is one of the most active groups in Saudi Arabia and the Middle East today.

In particular, the company has prioritized eco-friendly businesses such as food waste treatment and environmental spectrum projects, actively investing in and developing renewable energy businesses to participate in the RE100 eco-friendly campaign, and joined the Korea-Saudi Business Forum to use new renewable energy products in future eco-friendly energy projects.

Recently, due to global eco-friendly carbon neutrality (Zero-Emission) policies, energy and power issues have become prominent in regions such as North America, Europe, Russia, Central and South America, and Africa, where many are closely monitoring the results of this test.

MJ Tech Inc. plans to use this MOU as a foothold to further expand its supply chain in Saudi Arabia, the Middle East, and European markets, strengthening its position as a leading company in the eco-friendly energy market.

CEO Seon-gyu Choi of MJ Tech Inc. stated, “MJ Tech Inc., as a manufacturer and producer of inductors, naturally developed an interest in energy, especially eco-friendly energy utilizing solar power,” adding, “We will lead the second growth of both companies with a new power generator developed based on the electrical technology accumulated over more than ten years of manufacturing inductors.”

This content was produced with the assistance of AI translation services.