Ronn Inc., a company specializing in hydrogen mobility and clean energy, has initiated the first phase of a commercial agreement in Saudi Arabia. This move is part of a larger plan to build long-term partnerships in both the United States and the Kingdom.
The current agreement involves collaboration with an international intermediary to facilitate early-stage relationships with key infrastructure partners in Saudi Arabia. Plans include the creation of a 50/50 joint venture, giving Ronn Inc. a strong operational base in the region.
According to the company’s CEO, the alliance aims to support Saudi Arabia’s Vision 2030, focusing on innovation and energy transformation. The venture will prioritize manufacturing and deploying Ronn Inc.’s hydrogen technology locally, including vehicles and fueling infrastructure.
Saudi Arabia’s recent commitment to significant U.S. investments highlights the growing cooperation between the two countries in advanced technology sectors. Ronn Inc. expects to establish a regional headquarters and work with partners experienced in rail, real estate, transportation, and large-scale infrastructure projects.
Further phases of the partnership will be announced as plans are finalized. The company notes that all forward-looking statements are subject to change due to various risks and uncertainties.