Vision Industries

Overview

Vision Industries is an industrial development holding company specializing in giga-scale investments across green industries and their value chains. Established in 2021 by two prominent Saudi conglomerates, Abunayyan Holding and Al Muhaidib Group, the company aims to catalyze the build-up and localization of supply chains in the Solar PV, Wind, Energy Storage, and Green Hydrogen sectors. By forging partnerships with industry leaders and leveraging local market knowledge, Vision Industries seeks to enhance and sustain the quality of life in communities across the Middle East and Africa. The company's strategy focuses on fully integrating the renewable energy value chain, from manufacturing to deployment. In the solar sector, Vision Industries aspires to become a global leader by localizing the entire photovoltaic value chain, investing heavily to develop giga-scale production capacities from polysilicon to cells and modules. In wind energy, the company aims to spearhead localization in Saudi Arabia by enabling domestic manufacturing across the value chain, including key components like blades, gearboxes, and generators. Additionally, Vision Industries is committed to becoming a global powerhouse for green hydrogen generation and export by manufacturing electrolyzers and enabling a robust localized value chain. In energy storage, the company prioritizes battery cell and pack production to address the growing need for storage solutions, involving technology transfers and partnerships with global leaders. Vision Industries is supported by the leadership and resources of its shareholders, Abunayyan Holding and Al Muhaidib Group, providing local market knowledge, experienced management, and access to capital to realize its ambitions. The company is committed to aligning with the strategic objectives of Saudi Arabia's Vision 2030, aiming to localize at least 75% of the renewable energy sector by 2030. Through pioneering investments and strategic initiatives across renewable energy value chains, Vision Industries contributes to building a globally competitive localized industry in Saudi Arabia, supporting the Kingdom's transition to a more sustainable energy future.

Investment Focus

• Partnerships with industry leaders
• Focus on renewable energy sectors
• Alignment with Vision 2030 objectives
• Commitment to localization and technology transfer
• Investment in giga-scale production capacities
• Support for research and development initiatives
• Contributions to sustainable and competitive local supply chains
• Engagement in large-scale manufacturing and infrastructure projects
• Collaboration with global partners for technology and expertise
• Adherence to environmental and sustainability standards

Portfolio Companies