On August 13, Jiangsu Zhongtian Technology Co.,Ltd. (hereinafter referred to as "Jiangsu Zhongtian Technology") announced that to further improve the company's global strategic layout and promote localized development of marine and power businesses in the Middle East region, the company plans to establish a wholly-owned subsidiary in Saudi Arabia through its wholly-owned subsidiary HAITENG HONGFAN PTE.LTD (Singapore), which is invested by the wholly-owned subsidiary ZTT HONGKONG LIMITED.
According to public information, Jiangsu Zhongtian Technology and its subsidiaries are primarily engaged in the production and sales of products in communications, power, marine, and new energy sectors, as well as marine engineering construction and other business activities.
In recent years, the company has continuously strengthened new development momentum through technological innovation, continuously launching high-tech, high value-added products, and is committed to becoming a globally leading energy network solution service provider. Data shows that by the end of 2024, Jiangsu Zhongtian Technology had established 13 overseas marketing centers and 40 overseas offices, operating 5 overseas factories located in India, Brazil, Indonesia, Morocco, and Turkey, with products exported to more than 160 countries and regions. In 2024, the company's overseas market operating revenue was 7.328 billion yuan, with a gross margin of 20.14%, an increase of 2.67 percentage points compared to 2023. In 2025, the company accelerated its global industrial layout with the concept of "global thinking, global layout, and global service."
The announcement shows that under the guidance of Saudi Arabia's "Vision 2030" strategic framework, the region is undergoing comprehensive transformation and upgrading in technology, infrastructure, and other fields.
The company that Jiangsu Zhongtian Technology plans to establish in Saudi Arabia is tentatively named ECO MARINER COMPANY (Chinese name: Aike Malinna Company). Its main business will be the production, manufacturing, and sales of submarine cables, OPGW, and land cables, as well as marine cable operation and maintenance service centers. The total investment amount is $80 million, equivalent to approximately 574 million yuan, funded by the company's own capital.
A relevant person in charge of Jiangsu Zhongtian Technology stated: "The company continues to optimize its global sales and service system. After the completion of this investment, it will achieve comprehensive empowerment of marine cables, land cables, OPGW, and marine cable operation and maintenance services in Saudi Arabia. Through the coordinated deployment of localized production centers, intelligent delivery networks, and professional operation and maintenance systems, it will effectively promote the intelligent upgrade of the energy internet in the Middle East region, demonstrating the strategic value of Chinese high-end manufacturing enterprises in the global energy transformation process."
Pan Helin, a member of the Ministry of Industry and Information Technology's Information and Communication Economy Expert Committee, stated that Jiangsu Zhongtian Technology's layout of marine cable and other businesses in Saudi Arabia helps improve the company's global strategic layout. In the future, the company can start from a project ecosystem perspective, joining forces with other Chinese enterprises to jointly develop the Saudi market and create synergistic effects.
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