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LENOVO GROUP Plans to Set Up Regional HQ in Riyadh; Trial Production at New Plant Expected to Start Next Yr
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LENOVO GROUP (00992.HK) has announced plans to establish a regional headquarters in the iconic Al-Majdoul Tower in Riyadh, the capital of Saudi Arabia. The company has also appointed a management team for the Saudi market. In addition, the foundation excavation of Lenovo's new manufacturing base in Riyadh is nearly complete, and the steel structure of the first main plant building has been finished. According to the plan, the new factory is expected to start trial production in 2026, with an annual capacity of producing millions of products like laptops, mobile phones, and servers. AAStocks Financial News |
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