Get The Latest Developments in The Growth of Saudi Arabia Straight to Your Inbox and Stay Ahead of The Curve.
Saudi Arabia’s Neom Giga Project Is Investing $100 Million Into Pony.ai, the Autonomous Driving Technology Company, through The Neom Investment Fund To help develop and manufacture Autonomous Driving Vehicles for Neom and key Markets In the Middle East.
Saudi Arabia’s Public Investment Fund and Hyundai are partnering to build a $500 million car manufacturing plant in the kingdom, with an aim of producing 50,000 vehicles annually including electric vehicles starting in 2026
The PIF launches the electric vehicle infrastructure company which aims to deliver the best electric vehicle charging infrastructure across Saudi Arabia with over 5,000 fast chargers at over 1,000 locations by 2030
California-based Electric Vehicle (EV) startup Lucid Motors has obtained a license to begin electric vehicle production in a special economic zone in Saudi Arabia. Lucid plans to produce 150,000 EVs annually in the King Abdullah Economic City.
Korea’s top car manufacturer, Hyundai, is set to establish an electric vehicle assembly plant in Saudi Arabia. Hyundai is due to be the first Korean automaker with an assembly plant in the Middle East. They are currently the second-largest carmaker in Saudi Arabia with over 47,000 vehicles sold in the first half of 2023.
Get the latest developments on The Saudi Boom straight to your inbox and stay ahead of the curve for free.
