On October 30, Shenyang Yuanda Intellectual Industry Group and the Saudi Gulf Group jointly established the signing ceremony of the Saudi Gulf Borint Elevator Joint Venture Factory. As the first Chinese brand to enter Saudi Arabia and establish a Sino-Saudi joint elevator factory, the strong alliance between Borint and the Gulf Group has laid the foundation for the largest joint venture elevator factory in Saudi Arabia. The production capacity of the Saudi Gulf Borint joint venture factory is 2,000 units per year. In the next phase, an additional investment of 200 million RMB will be made to continuously expand production capacity. At that time, its production line will become the most advanced elevator production line in Saudi Arabia, with an annual output reaching 5,000 units.