ewpartners Announces $50 Million Strategic Investment in Leshines to Localize Manufacturing in the Middle East [Yahoo! Finance]
LENOVO GROUP LTD S/ADR (LNVGY)
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www3.lenovo.com/us/en/lenovo/investor_relations
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Source: Yahoo! Finance
The move reinforces ewpartners' and Leshine's commitment to fostering local industrial growth and empowering enterprises in Saudi Arabia RIYADH, Saudi Arabia Nov. 5, 2024 /PRNewswire/ -- ewpartners (formerly eWTP Arabia Capital), the first international investment firm to establish a Saudi-Asia cross border platform, has announced a USD $50 million investment in Leshines, the supply chain solutions arm of Chinese multinational tech company Lenovo at The Future Investment Initiative (FII), a premier global platform that drives transformative investments and fosters international partnerships for sustainable economic growth. The investment accelerates the localization of Leshines capabilities in Saudi Arabia , further strengthening the Kingdom's position as a vital player in sustainable global trade networks and supply chain operations. Five months ago, Lenovo and PIF-backed company Alat announced a strategic collaboration, including a proposed US$2 billion investment. Today, thi
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