Ken Jeong announced that LG plans to open its regional office in the Kingdom soon, noting that the volume of the company’s business in the Saudi market has exceeded $500 million.
The company aims to double the production capacity of the Saudi LG air conditioner factory to 1 million units annually, up from the current 400,000, Jeong added in an interview with Asharq.
This will double the total value of the company's air-conditioning products manufactured in Saudi Arabia from $200 million to $400 million.
Jeong also stated that LG is considering the expansion of products manufactured in Saudi Arabia beyond air conditioners, with the possible opening of television and computer screens factories.
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