Ronn Inc., a company based in Scottsdale, Arizona, has recently finalized a Phase Two strategic investment joint venture agreement with partners in Saudi Arabia, marking a significant step in their global expansion and commitment to hydrogen innovation. The agreement entails a 50/50 equity ownership structure between Ronn Inc. and its Saudi partners, with the Saudi group providing 90% of the financial commitment for infrastructure development and office setup in the U.S. and Saudi Arabia. The collaboration will focus on completing hydrogen logistic truck prototypes, establishing manufacturing facilities in both countries, generating numerous manufacturing and R&D jobs, and introducing next-generation hydrogen Hypercars. The CEO of Ronn Inc., Mr. Ronn Ford, emphasized the importance of this joint venture in aligning with Saudi Arabia's Vision 2030 and the country's massive economic transformation efforts. The partnership is strategically aimed at capitalizing on Saudi Arabia's vision for hydrogen transportation and energy, with a specific focus on the development of innovative hydrogen technologies. The Saudi partners bring extensive experience in infrastructure development, bolstering the joint venture's capabilities in creating a sustainable hydrogen ecosystem. This initiative comes at a time when Saudi Arabia is heavily investing in world-scale hydrogen projects like the NEOM Green Hydrogen Plant, indicating a significant shift towards clean energy solutions. The partnership with Ronn Inc. signifies a mutual commitment to advancing hydrogen technologies and fostering economic growth through job creation and cutting-edge manufacturing practices. With a positive outlook towards hydrogen as a cornerstone of Vision 2030, this collaboration is poised to propel the next phase of hydrogen transportation in the region.