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Saudi Arabia signs $5.6bn EV deal as it eyes closer China ties

Saudi Arabia has signed a $5.6bn deal with a Chinese company to manufacture electric vehicles as the kingdom is looking to lead the Arab world in expanding economic ties with Beijing.

The memorandum of understanding signed on Sunday with electric and self-driving car maker Human Horizons on the development, manufacture and sale of vehicles accounted for more than half of the $10bn in investments signed on the first day of a major business conference being held in the capital, Riyadh.

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19 more agrees trigger contact with the recipient

  • Videlis Eddie

    52 w

    This is great EVs All the way

    • George Kariuki

      53 w

      This is a perfect milestone for a sustainable future.

      • dickson mutai

        53 w

        More sustainable partnerships like these could change alot!

        • rosebellendiritu

          53 w

          @dickson_mutai It's a great committment

        • Elizabeth Gathigia

          53 w

          That's a great idea, EVs leads to a sustainable future

          • Annett Michuki..

            53 w

            this is an influential deal

            • Joseph Githinji

              53 w

              This is a great milestone towards attaining clean mobility network.

              • Tabitha Kimani

                53 w

                The worlds mobility must change to clean energy faster for us to be able to decarbonize the transport sector. This will enable us to stop adding more carbon into the atmosphere.

                • ance Star

                  53 w

                  That's a wonderful partnership between Saudi Arabia and China for manufacturing Electric Vehicles

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