Al Hassan Ghazi Ibrahim Shaker Company (Shaker Group), a leading importer, manufacturer and distributor of air-conditioners and home appliances, said it has reached an agreement with LG Electronics and the Ministry of Investment of Saudi Arabia (MISA) to manufacture AC compressors in the kingdom.

This agreement is set to fortify the longstanding partnership between Shaker and LG, building upon their successful joint venture factory in Riyadh that has been producing AC units for the local and international markets since 2008.

 According to MISA, the project will get the go-ahead only upon the completion of the feasibility study. In support of this ambitious project, MISA, along with the Ministry of Industry and Mineral Resources, and the National Industrial Development Center, are collaboratively participating in the feasibility study.

If successful, the project will position Shaker and LG as pioneers in the local and regional manufacturing of AC compressors, in alignment with the kingdom’s Vision 2030 goals of transforming Saudi Arabia into an industrial leader and a global logistics hub.