Ronn Inc., based in Scottsdale, Arizona, has announced the formation of a Phase Two strategic joint venture agreement in the Kingdom of Saudi Arabia. This agreement, following a prior Phase One deal, solidifies a partnership with Saudi counterparts to advance hydrogen innovation globally. The joint venture entails a 50/50 equity ownership structure and a significant 90/10 financial commitment, with the Saudi group providing the majority of funding for infrastructure development in the U.S. and Saudi Arabia. The collaboration aims to complete hydrogen logistic truck prototypes, establish manufacturing facilities, and generate employment opportunities in both countries. Ronn Inc. plans to bring its proprietary hydrogen technology and industry relationships to the venture, aligning with Saudi Arabia's Vision 2030 initiative that views hydrogen as crucial for economic growth. The partnership represents a strategic move in the midst of Saudi Arabia's substantial economic transformation and massive investments in hydrogen projects like the NEOM Green Hydrogen Plant. The joint venture is positioned to contribute to the advancement of hydrogen transportation and support the region's ambitious goals. Engineer Fouad and his team, with a background in infrastructure development, will play key roles in the execution of the joint venture. Ronn Motor Group, the entity behind the agreement, has a decade-long history in luxury hydrogen-powered vehicles, with plans to introduce a new line of products in the coming years. The agreement signifies a positive outlook on hydrogen innovation and its role in shaping the future of transportation and energy.