# Daehong Electric and APM Technologies plan $3M joint venture in Saudi Arabia

Daehong Electric and APM Technologies agreed with AET to pursue a $3 million joint venture factory in Saudi Arabia.

- Type: Investment
- Announced: 2017-11-22
- Where: Saudi Arabia, Saudi Arabia
- Value: $3.00M
- Status: announced
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [APM Technologies](https://endata.com/companies/28317.md) (partner)
- [Daehong Electric](https://endata.com/companies/28320.md) (partner)
- [AET](https://endata.com/companies/28321.md) (partner)

## Sources

- [sedaily.com](https://www.sedaily.com/article/11724042), 2017-11-22: "대홍전기와 APM테크놀리지스는 AET사와 300만달러 규모의 합작공장을 추진하기로 했다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.