MOAJ Holding invests $30 million in joint venture with Medisun Energy to address water scarcity and brine challenges in Saudi Arabia

(MENAFN-PR Newswire) SINGAPORE, Sept. 30, 2024 /PRNewswire/ — MediSun Energy and MOAJ Holding are pleased to announce the establishment of MediSun Arabia, a joint venture to bring innovative energy solutions and combat water scarcity in Saudi Arabia. As part of this strategic partnership, MOAJ Holding will invest $30 million to establish a state-of-the-art production facility and jointly develop a Saudi brine management program with MediSun Energy.

HE Datuk Wan Zaidi Wan Abdullah (left), Dusun Kim (left), Ibraheem Alhudaithi (right), HE Mohammed N. Al Jasser (right)

The project will include the construction of a manufacturing center to produce MediSun’s WEGen stacks, key components supporting renewable energy projects across the region. This facility will enhance local industrial capacity and play a key role in Saudi Arabia’s renewable energy transformation, in line with Saudi Vision 2030. Additionally, MOAJ Holding will be the exclusive distributor of MediSun Energy technology across the Gulf Cooperation Council (GCC), expanding MediSun’s footprint in the Middle East.

Together, the partners will lead the Saudi brine management program in collaboration with a leading academic institution known for desalination research. This ambitious R&D initiative aims to address the environmental challenges associated with brine desalination by developing state-of-the-art treatment technologies in line with Saudi Arabia’s sustainability goals.

Dusun Kim, CEO of MediSun Energy commented: “This joint venture represents a significant milestone for MediSun Energy as it expands its operations in Saudi Arabia. Our WEGen technology, which uses reverse electrodialysis (RED) to efficiently convert salt water into electricity, will play a key role in promoting Saudi Arabia’s sustainable development goals by generating clean energy and reducing consumption. With MOAJ as our partner in the GCC, we look forward to a long-term partnership that will deliver tangible results.”

HE Mohammed N. Al Jasser, Founder of MOAJ Holding added: “We are excited to partner with MediSun Energy on this transformative joint venture. Our shared vision for developing a sustainable energy and water economy in Saudi Arabia underscores the importance of this cooperation. MediSun’s WEGen technology, which increases energy efficiency while generating clean energy, is in line with the region’s sustainable development goals. Together, we aim to deliver these innovative solutions to the broader Middle East market.

This joint venture positions MOAJ and MediSun as key players in addressing water and energy challenges in the region, in line with Saudi Arabia’s ‘Sustainable Future 2030’ vision.

About MediSun Energy

MediSun Energy is a technology-driven company focused on providing innovative clean energy solutions. Its flagship WEGen technology uses osmotic energy to increase energy efficiency in water desalination and renewable energy production. Committed to a carbon neutral future, MediSun delivers sustainable, practical solutions that align with the global vision of a greener planet.

About MOAJ Holding

MOAJ Holding is a leading investment group focused on sustainable development in key sectors including energy, technology and infrastructure. In line with Saudi Arabia’s Vision 2030, MOAJ invests in transformational projects that promote economic diversification and environmental sustainability.

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