March 20, 2025, Houston, Texas, Jiangyin, Jiangsu Province, Riyadh, Saudi Arabia – Skytower Group Inc., a U.S.-based enterprise, along with its Saudi joint venture, Skytower Investments (collectively, “Skytower”), and Jiangsu Tongli Optical New Materials Group Co., Ltd. (“Tongli Group”), have officially announced a strategic partnership during a signing ceremony held at Tongli Group’s headquarters in Jiangyin, China.
Mr. Zhou Yongnan, Chairman of Tongli Group (left), and Mr. Neil Bush, Chairman of Skytower Group (right), sign the Strategic Cooperation Agreement.
The Agreement outlines a joint effort to localize the manufacturing of specialized industrial film materials in Saudi Arabia. This collaboration will span project implementation, investment, financing, program management, construction, sales, and operations. The initiative supports Saudi Arabia’s Vision 2030, aiming to serve as a flagship example of government-endorsed localized production.
Both Parties will align with local Saudi government agencies and industrial policies, while also exploring market opportunities for Tongli Group’s existing film material products across Saudi Arabia and the wider MENA region, particularly in the construction, automotive, renewable energy and precision manufacturing sectors.
Executives and team members from Skytower and Tongli Group commemorate the partnership, marking a significant milestone in their global expansion efforts.
During the signing event, Mr. Neil Bush, Chairman of Skytower Group and Skytower Investments, emphasized the significance of the alliance: “Tongli Group’s move to localize manufacturing in Saudi Arabia will be warmly received by key Saudi agencies, including the Ministry of Energy, Ministry of Industry and Mineral Resources, and the Vision 2030 office. Their impressive track record in high-tech and precision material manufacturing offers an excellent blueprint for emerging markets like Saudi Arabia.”
As part of Tongli Group’s international strategy, Skytower will support the company in securing project financing, equity investments, and strategic partnerships, along with obtaining relevant licenses in Saudi Arabia. Skytower will also assist in crafting and executing Tongli Group’s market entry strategy for North America.
Mr. Zhou Yongnan, Chairman of Tongli Group, shared his appreciation: “We are deeply grateful to Mr. Neil Bush and the Skytower team for their exceptional work in facilitating our entry into Saudi Arabia. The Kingdom’s forward-thinking manufacturing policies give us the confidence to establish our Middle East manufacturing headquarters there, supporting a sustainable future and offering Tongli Group immense market potential in renewable energy, precision manufacturing, construction, automotive, and semiconductor materials.”
Skytower and Tongli Group executives explore cutting-edge optical film technologies during a facility tour.
In addition to the core project, the partnership will extend to collaborative efforts in new energy, advanced materials, and AI technology, with a shared goal of building a globally recognized demonstration industrial chain. Skytower will offer consulting and implementation support to drive these innovations.
Mr. Eric Fang, CEO of Skytower, noted: “Saudi Arabia’s Vision 2030 opens substantial opportunities for manufacturing localization across a wide range of industries. Tongli Group is well-positioned to leverage these opportunities, not only within the Kingdom but also in North America. Our team is ready to support them in achieving excellence in localized manufacturing across both markets.”
This partnership marks a major step for both companies in expanding their global reach and supporting industrial development in key markets worldwide.
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About
Skytower Group of United States including its Saudi Arabia JV Skytower Investments (collectively called Skytower) is an investment development advisory company in renewable technology, green manufacturing, supply chain and green power production. The senior management team is made up of professionals with extensive experience in the field of sustainable carbon-free development with a deep understanding of the government policy drivers that support many countries to achieve peak carbon emissions within a decade and national targets for carbon neutrality by 2050 or 2060. The company has established a local Joint Venture subsidiary investment company, namely Skytower Investments Limited in Saudi Arabia and is comprised of senior professionals from the United States, Saudi Arabia and China to contribute to Saudi Arabia’s 2030 Industrial Vision and Net Zero Emissions by 2060.
Tongli Group is a leading provider of design and solutions for precision coating functional new materials and polymer film materials. It is a comprehensive new material manufacturing player listed in Korea with the capability including the modification of various polymer materials, the production and manufacturing of thin film materials, the synthesis of various functional coating materials, and the precise coating of functional film materials with a complete supply chain.
