ZeeAnn moving for Creating New Market with SIIVC in the Kingdom of Saudi Arabia under Vision 2030

ZeeAnn moving for Creating New Market with SIIVC in the Kingdom of Saudi Arabia under Vision 2030

ZeeAnn Co., Ltd. has been focusing in developing its next generation image sensor customized for rapidly growing Electric Vehicle markets and its own advanced micro display imager especially for new metaverse industry based on new Augmented Reality and Virtual Reality Display with higher resolution for last 3 years. On April 19, 2021, ZeeAnn signed the MOA with SIIVC (Saudi International Industrial Village Company) to form a joint venture company in the Kingdom of Saudi Arabia for the technology transfer of ZeeAnn’s Image sensor and Micro Display wafer packaging technology and its related System Design and manufacturing company to create new market under the great cooperation from the government of Saudi Arabia. The goal of this collaboration was to establish a manufacturing facility jointly in KSA that is managed and operated technically by ZeeAnn and SIIVC. Finally, on May 19, 2022, SIIVC officially announced Saudi-Korean Industrial Village development project kick off with the presence of the Minister of Industry and Mineral Resources, Mr. Bandar bin Ibrahim Al-Fall and the Deputy Minister of Industry and Mineral Resources Engineer Osama bin Abdul Aziz Zamil, with a workshop to introduce the services and incentives provided by the industry system and mineral wealth and its partners, in the presence of a number of Korean and local investors. The workshop witnessed the introduction of a proposal for the establishment of the Saudi-Korean Industrial Village project in Yanbu Industrial City, in order to support the program (made in Saudi Arabia), and achieve its strategic objectives in accordance with the directions of the Kingdom Vision 2030. ZeeAnn introduced its new advanced Sensing Micro Display hardware platform to plant it in Yanbu City as one of core development projects under the Kingdom Vision 2030. By mutual agreement between SIIVC and ZeeAnn, the SIIVC-ZeeAnn joint company in Yanbu was registered and the new production in Camp is under construction to achieve the 1st production in Q4, 2023.