BAC Saudi Arabia officially launched following an agreement signed between Briggs Automotive Company and Veloce Life. In 2018, Faisal Binladin founded Veloce Life with the aim of becoming the fastest-growing hub for passionate car lovers. He said that through the partnership, he wants R&D facilities to develop new materials, and IP technologies, like graphene, in Saudi Arabia. The Veloce Life founder added that the new technologies developed by the cooperation go beyond motorsport, with the energy sector also expected to see benefits. BAC Saudi Arabia will operate out of regional hubs in Riyadh and Jeddah, through the partnership with Veloce Life.

Source: Libya Today July 15, 2023 17:44 UTC