Saudi Arabia witnesses the first exhibition of its kind for electric...

Saudi Arabia witnesses the first exhibition of its kind for electric...
Saudi Arabia witnesses the first exhibition of its kind for electric...
On the twenty-fifth of February 2021, the city of Riyadh will witness the first gathering of electric and hybrid cars, with the participation of major factories and international agents, in the Riyadh Front area. With the aim of contributing to promoting the spread of electric cars and accelerating the paradigm shift towards a sustainable low-carbon future.

The e-Motor Show-Middle East, in its first edition, sheds light on the latest developments in electric vehicle technology and clean technical innovations in the region, as they may become a natural part of the environmental transportation system, as they have advanced technical capabilities and represent promising opportunities, especially since Vision 2030 encourages such industries to build a competitive economy, sustainable development and infrastructure that promotes the achievement of the Kingdom’s near and long-term strategic goals.

Among the objectives of the exhibition is to raise awareness of electric and hybrid cars as they reflect the future of transportation in the Kingdom, and the fact that investing in such types of cars is an important trend, whether in terms of manufacturing, various applications, or import and export.

Commenting on this distinguished event, Chairman of the National Committee for Car Dealerships at the Council of Saudi Chambers, Faisal Abu Shusha, affirmed that electric cars have become a reality that imposes itself and draws the features of the transformation in the auto industry for the next stage.

He said: “It is a matter of pride that such an important event is being organized inside the Kingdom, which is a stepping stone towards a prosperous future for modern transmission, God willing. It is important to prepare policies, regulations and regulations related to the electric car industry in a distinctive and proactive manner, in addition to activating the role of the private sector to provide new job opportunities and promote technology transfer. The investment in the field of manufacturing electric cars in the Kingdom is something worth studying, especially as it falls under the umbrella of Vision 2030 and the National Industry Development Program.

On the sidelines of the exhibition, the exhibition will provide an excellent opportunity for car enthusiasts to see and test the latest electric and hybrid cars offered by the most prominent global car factories on the “e-circuit”, which will be devoted to experiments with these types of cars in addition to getting acquainted with this new technology through discussion sessions centered on technology. Daily interactive «Tech-Talks».

It is noteworthy that the Saudi Public Investment Fund has signed an investment agreement of more than one billion dollars with Lucid Motors for the production of electric cars, to finance the commercial launch of the company’s first electric car in 2020, in favor of implementing an effective strategy that helps the company to put its electric cars in the market, An additional value for the fund’s portfolio, which aims to achieve growing returns in the long term, which will help accelerate economic diversification in the Kingdom.

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