Talks to build an electric car factory in Saudi Arabia

Expected near Jeddah or Neom

The American car company “Lucid” is in talks with the Saudi Public Investment Fund to build an electric vehicle plant in Saudi Arabia.

Sources told the American “Bloomberg” agency that it is possible that the factory will be built near the city of Jeddah overlooking the Red Sea, as the Kingdom is diversifying its economy and trying to become a Middle Eastern center for the manufacture of electric vehicles.

The sources expect that the factory will be built in King Abdullah Economic City, noting that the talks have reached advanced stages, but some changes may occur at any moment, such as changing the location of the factory to the city of Neom in the north of the Kingdom, as it is also one of the options presented as a possible site for building the company’s factory. American.

It is noteworthy that Lucid obtained investments from the Saudi Fund in 2018, and the Kingdom set a condition for establishing a factory for it in Saudi Arabia.

Talks to build an electric car factory in Saudi Arabia


Previously

The American car company “Lucid” is in talks with the Saudi Public Investment Fund to build an electric vehicle plant in Saudi Arabia.

Sources told the American “Bloomberg” agency that it is possible that the factory will be built near the city of Jeddah overlooking the Red Sea, as the Kingdom is diversifying its economy and trying to become a Middle Eastern center for the manufacture of electric vehicles.

The sources expect that the factory will be built in King Abdullah Economic City, noting that the talks have reached advanced stages, but some changes may occur at any moment, such as changing the location of the factory to the city of Neom in the north of the Kingdom, as it is also one of the options presented as a possible site for building the company’s factory. American.

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It is noteworthy that Lucid obtained investments from the Saudi Fund in 2018, and the Kingdom set a condition for establishing a factory for it in Saudi Arabia.

08 January 2021 – 24 Jumada I 1442

01:21 PM


Expected near Jeddah or Neom

The American car company “Lucid” is in talks with the Saudi Public Investment Fund to build an electric vehicle plant in Saudi Arabia.

Sources told the American “Bloomberg” agency that it is possible that the factory will be built near the city of Jeddah overlooking the Red Sea, as the Kingdom is diversifying its economy and trying to become a Middle Eastern center for the manufacture of electric vehicles.

The sources expect that the factory will be built in King Abdullah Economic City, noting that the talks have reached advanced stages, but some changes may occur at any moment, such as changing the location of the factory to the city of Neom in the north of the Kingdom, as it is also one of the options presented as a possible site for building the company’s factory. American.

It is noteworthy that Lucid obtained investments from the Saudi Fund in 2018, and the Kingdom set a condition for establishing a factory for it in Saudi Arabia.

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