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More than 20 billion US dollar of Middle Eastern capital invested in Chinese photovoltaics
Seetao 2025-10-11 09:43
  • Middle Eastern sovereign funds are investing in China's photovoltaic industry with unprecedented scale and strategic depth
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The huge wave of global energy transformation is quietly changing the traditional energy geopolitical landscape. Middle Eastern countries holding trillions of capital, while looking towards the future of the "post oil era", have coincidentally turned their attention to the East - China, with its absolute technological, manufacturing, and ecological advantages in the global photovoltaic industry, has become an indispensable partner for the Middle East to achieve energy ambitions and economic transformation. This cross regional cooperation, with capital as the link and strategic coordination as the core, is injecting strong "light" momentum into the future of world energy.

The power of capital is the vanguard of this cooperation. The investment of Middle Eastern capital in China has evolved from exploratory financial investment to a strategic action deeply tied to the country's economic transformation. Saudi Arabia's sovereign wealth fund PIF plans to invest $50 billion in China by 2030, with photovoltaics being the core sector. The UAE Mubadala Fund, Qatar Investment Authority, and others have also settled down, deeply participating in industrial chain cooperation and corporate equity investment. According to statistics, since 2024, the relevant capital investment has exceeded 20 billion US dollars, a year-on-year increase of 120%. A more distinctive "capital agent" model has also emerged, such as Wuji Capital's strategic investment in GCL Technology through Middle East Capital. This "Middle East Capital+Chinese GP+Photovoltaic Enterprise" model is becoming a new paradigm for efficiently linking resources.

The influx of capital ultimately requires the realization of value through solid project implementation. On the manufacturing side, the full industry chain advantages of Chinese photovoltaic enterprises are closely integrated with the localization needs of the Middle East. TCL Zhonghuan is investing in the construction of a 20GW photovoltaic crystal chip factory in Saudi Arabia, JinkoSolar plans a 10GW battery module project, and ChemChina is undertaking an industrial silicon project in Egypt. A series of collaborations are rapidly filling the gap in local photovoltaic manufacturing in the Middle East. In terms of power station development, benchmark projects such as the Saudi Arabia 2.6GW Al Shubah Photovoltaic Power Station constructed by China Energy Engineering and the Dubai Maktoum Solar Park Phase IV built by Shanghai Electric have not only achieved efficient power generation with leading technology, but also become practical examples of regional new energy projects, laying market confidence.

Behind this deep binding is an ecological symbiosis based on resource endowment. The Middle East has abundant capital, high-quality lighting resources, and huge market potential; China controls a complete, leading, and constantly innovative photovoltaic industry chain. The cooperation between the two parties has formed a golden closed loop of "capital technology market". On the one hand, oil and gas capital in the Middle East achieves dual empowerment of traditional and new energy through investing in Chinese chemical enterprises and other means; On the other hand, the export volume of Chinese photovoltaic products to the Middle East has been soaring year after year, bringing predictable long-term stable returns to Middle Eastern capital and jointly resisting global market fluctuations. Keywords: Photovoltaic New Energy, Photovoltaic New Energy News, Photovoltaic New Energy Information

The cross-border partnership between Middle Eastern capital and Chinese photovoltaics has already gone beyond simple buying and selling and cooperation. It is a historic migration and integration of global energy power centers, marking the beginning of a new era of coordinated development between new energy technology forces represented by China and traditional energy capital forces represented by the Middle East. In the future, as cooperation moves towards deeper levels of technology research and ecological co construction, this will not only lay a solid green foundation for the "2030 Vision" of Middle Eastern countries, but also open up unprecedented imagination space for the globalization and high-quality development of China's photovoltaic industry. Editor/Xu Shengpeng


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