MediSun Energy and MOAJ Holding have announced the formation of MediSun Arabia, a joint venture aimed at delivering innovative energy solutions and addressing water scarcity in Saudi Arabia. As part of the partnership, MOAJ Holding will invest $30 million to build a state-of-the-art manufacturing facility and co-develop a Saudi Brine Management Programme alongside MediSun Energy.
The venture will involve the construction of a manufacturing hub to produce MediSun’s WEGen stacks, crucial components supporting renewable energy projects across the region. This initiative will enhance local industrial capacity and play a pivotal role in Saudi Arabia’s renewable energy transition, aligning with the goals of Saudi Vision 2030. MOAJ Holding will also serve as the exclusive distributor of MediSun’s technologies throughout the Gulf Cooperation Council (GCC), expanding the company’s reach in the Middle East.
In addition, both partners will collaborate with a leading academic institution known for its desalination research to lead the Saudi Brine Management Programme. This research and development initiative will focus on creating cutting-edge technologies to manage desalination brine, addressing environmental challenges in line with Saudi Arabia’s sustainability objectives.
Dusun Kim, CEO of MediSun Energy said, “This joint venture marks a significant milestone for MediSun Energy as we expand operations in Saudi Arabia. Our WEGen technology, which harnesses Reverse Electrodialysis (RED) to efficiently convert saltwater into electricity, will play a key role in advancing Saudi Arabia’s sustainability targets by generating clean energy and reducing consumption. With MOAJ as our partner in the GCC, we look forward to a long-term partnership that drives meaningful impact.”
HE Mohammed N. Al Jasser, Founder of MOAJ Holding added, “We are excited to partner with MediSun Energy in this transformative joint venture. Our shared vision for advancing sustainable energy and water management in Saudi Arabia highlights the significance of this collaboration. MediSun’s WEGen technology, which enhances energy efficiency while producing clean power, is aligned with the region’s sustainability goals. Together, we are dedicated to delivering these innovative solutions to the broader Middle East market.”
