Saudi Arabia to be a regional hub for Lucid electric vehicles

Published September 21st, 2023 - 04:45 GMT
Lucid Cars
A Picture shows hostesses in a car manufactured by US electric vehicle maker Lucid Group at the KSA Green Transition Journey exhibition in the Red Sea port of Jeddah. AFP
Highlights
The Lucid factory is poised to establish new industry standards, contributing to the local assembly of cutting-edge electric vehicles in the Saudi market.

ALBAWABA- Saudi Arabia has officially taken a significant step towards becoming a prominent center for electric vehicle manufacturing by officially granting Lucid Motors the operating license for its manufacturing facility in the King Abdullah Economic City. 

This strategic move aligns with the Kingdom's commitment to economic diversification and underscores the effectiveness of its special economic zones. 

The Lucid factory is poised to establish new industry standards, contributing to the local assembly of cutting-edge electric vehicles in the Saudi market. 

The presence of Lucid in the King Abdullah Economic City's special economic zone not only highlights the city's exceptional infrastructure but also positions Saudi Arabia as a key player in the global electric vehicle market.

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