The project will be implemented in two phases, with the LED manufacturing plant to be built initially and scheduled for completion by 2016.
The second phase will involve installing LED chip packaging, establishing a state-of-the-art R & D Centre, and subsequently setting up a demonstration centre for simulating real-time conditions. The project's final phase is expected to be completed by 2018.
Alwaseeta is primarily involved in the development of a broad range of intermediate and downstream industrial projects.
QKLC is made up of prominent Korean LED companies and governmental institutes, such as the
They can also result in up to 70%-80% in energy savings compared to conventional lighting, such as incandescent and fluorescent lights. In addition, they will contribute to a substantial reduction of CO2 emission as a result of reducing power production from power plants.
The agreement was signed by HE the Minister of Energy and Industry Dr
Also present during the signing ceremony was
Al-Sada said, "
"The LED project will also establish stringent specifications that are specially designed for the climate in the Mena region." Kim said, "This agreement will see the building of joint ventures on a solid foundation, which is a win-win situation for both Alwaseeta and QKLC. It will also pave the way for broader investment opportunities and developing the local and regional LED industry, which will be an important contributor to
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