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Saudi Electricity Co signs three tech cooperation MoUs with China

Saudi Electricity Company signs three memorandums of understanding for technical cooperation with with Chinese companies to cooperate in the fields of technological transformation, smart networks, digitalization, internet of things (IoT) and optical fibers.

They will also cooperate on new investments, nationalizing industries and exchange of knowledge, SEC said today on its Twitter account.

The Kingdom signed the total of 35 economic cooperation agreements worth over $28 billion with China, during Crown Prince Mohammed bin Salman’s visit to the Asian country.