Riyadh - Sharikat Mubasher: Saudi Arabia’s Public Investment Fund (PIF) is set to conclude a deal with China’s second-largest turbine manufacturer Envision to bolster renewable power production in the Kingdom.

The sovereign fund, Vision Industries, the Saudi-based renewable energy manufacturing company, and Envision will sign the agreement soon this week to build a wind turbine manufacturing plant in Saudi Arabia, people familiar with the matter told Bloomberg.

This agreement came as part of the Kingdom’s efforts to localize supply chains.

Envision, which will be the majority investor in the partnership, provides wind turbines for Neom Green Hydrogen Company which will use 4 GW of solar and wind power to produce clean hydrogen.