RONN Inc., listed on OTC PINK as RONN, has announced plans to establish a new corporate office in Riyadh, Saudi Arabia, to formalize the 'RONN Saudi Arabia' joint venture. The joint venture aims to accelerate hydrogen-powered mobility solutions in alignment with Saudi Arabia's Vision 2030. This strategic move follows a 90/10 financing model, with Saudi partners contributing a significant portion of the investments. Initial manufacturing and prototypes will commence in the United States before expanding operations to Saudi Arabia, with the goal of setting up local manufacturing facilities by 2030. The joint venture, 'RONN Saudi Arabia,' will focus on developing hydrogen-powered supercars and commercial vehicles specifically designed for the region. The initiative will complement Saudi Arabia's extensive renewable energy projects, such as the NEOM Green Hydrogen Plant, which aims to produce 600 tons of green hydrogen daily by 2026. This partnership signifies RONN Inc.'s commitment to advancing sustainable practices and green technologies in the region, leveraging Saudi Arabia's financial resources and technological advancements.