Ziad Al Tunisi, CEO of AFG, expressed his admiration for China's innovative and forward-looking EV industry, highlighting BeyonCa's technology and vision. I hope that our partnership will advance to help introduce the EV industry into Saudi Arabia." We aspire to foster a relationship in the EV industry as we have previously achieved in the healthcare sector," said Tunisi. The proposed joint venture will include a local state-of-the-art autonomous vehicle manufacturing and R&D facility. But analysts are quick to add that investors in the Middle East are not limiting their investment to Chinese startups.

Source: The North Africa Journal October 30, 2023 02:41 UTC