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TODAY: A new EV manufacturing hub for Abu Dhabi + Construction on Al Ruwais ammonia plant kicks off
What we’re tracking this morning regionally and around the world
The Volvo EX30 EV hits Oman’s streets
The EX30 boasts a 480 km driving range and can go from 0-100 km/h in 3.6 seconds
Hummer EVs are now available in UAE and Kuwait
The EVs are set to be introduced to other regional markets later this year.
PIF closes in on Holon acquisition after getting nod from regulator
The move will see the PIF’s Tasaru Mobility Investments acquire up to a 38% stake in Holon
Saudi EV maker Ceer inks USD 2.2 bn supply agreement with Hyundai Transys
The contract is the the first by Hyundai Transys for a global automaker
TODAY: Expansion plans for Acwa + Morocco breaks ground on largest desal plant
What we’re tracking this morning regionally and around the world
Hitachi Energy to boost energy transition with multi-bn USD investment + Volvo moves EV production to Europe
The investment aims to boost global R&D and manufacturing capacity for transformers, high-voltage products, and power electronics-based solutions.
Green finance + project updates from Saudi Arabia, UAE, and Morocco
Stories on our radar this morning from around the region
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