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Saleh Alrajhi & Foxconn Int’l Tech to launch USD 100 mn JV for EV charger manufacturing
PLUS: Tanmiah Food secured a SAR 650 mn loan from Saudi National Bank
Mohammed bin Salman, El Sisi move investment talks forward in Cairo
Good morning, wonderful people, and happy almost-THURSDAY. We’re closing on the end of what has shaped up to be a…
Saudi delegation in Ankara as GCC and Turkey kick off trade talks
Plus: Saudi wants to buy lithium from Chile — and sell it more fertilizers
Canada’s NextSource could build a battery anode plant in Saudi, is actively screening potential investors
The plant is expected to generate up to USD 230 mn in annual revenues.
Aramco is closing in on 10% of Horse Powertrain
The transaction would see Renault and Geely each retain a 45% stake in the joint venture
Abdul Latif Jameel-backed EV maker Rivian to get USD 5 bn investment from Volkswagen
Both companies will use the tech from their JV to develop vehicles before 2030.
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
Ceer to get South Korean technology to power up EVs
The contract is the the first by Hyundai Transys for a global automaker
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