KUALA LUMPUR (Jan 2): Sunview Group Bhd has via its wholly-owned Fabulous Sunview Sdn Bhd inked a Memorandum of Understanding (MOU) with Saudi Arabia-based Vision Ambassadors Company for International Trade Consultancy to seek renewable energy development and investment opportunities.

In a statement on Tuesday, the renewable energy company said the collaboration will jointly identify locations of potential projects, with both parties serving as the principal investors.

Vision Ambassadors, according to Sunview, specialises in investments for the development of businesses and small enterprises, with "tremendous momentum in international and local relations".

Sunview will be exclusively in charge of engineering, procurement, construction and commissioning (EPCC) related tasks for the potential projects.

“We are thrilled to collaborate with Vision Ambassadors. We will not only explore opportunities within Malaysia but also across other regions, including Saudi Arabia, Middle East, Africa as well as Southeast Asia.

“This endeavour aims to extend our geographical footprint beyond the Malaysian Market,” according to Sunview Group Executive Director and CEO, HP Ong.

The group is optimistic that the MOU will yield a fruitful outcome, Ong said, given the sustained demand for renewable energy.

Sunview shares closed one sen or 1.35% higher at 75 sen on Tuesday, giving the group a market capitalization of RM351 million.