The Abu Dhabi Investment Office (ADIO) has introduced a significant economic programme aimed at creating a complete automotive ecosystem in the region. This initiative seeks to foster innovation and investment opportunities within the automotive sector, enhancing the local industry’s capabilities. The programme is designed to support various segments of the automotive industry, including manufacturing, research...
The electric vehicle (EV) market in the Middle East was valued at approximately USD 2.8 billion in 2024 and is projected to reach USD 10.9 billion by 2032. This significant growth underscores the strong potential for EVs in the region, propelled by proactive government policies and a growing awareness of environmental issues. In the UAE,...
Hyundai Motor Manufacturing Middle East (HMMME), a joint venture between the Public Investment Fund (PIF) and Hyundai Motor Company, has officially launched its $500 million car factory at the King Salman Automotive Cluster in King Abdullah Economic City (KAEC). The groundbreaking ceremony marks a significant step forward for the automotive sector in Saudi Arabia, according...
Hyundai Motor Manufacturing Middle East (HMMME), a joint venture between the Public Investment Fund (PIF) and Hyundai Motor Company, has officially broken ground on a new manufacturing plant. This event took place at the King Salman Automotive Cluster within King Abdullah Economic City (KAEC), marking a significant advancement for Saudi Arabia’s automotive sector, as reported...
Uber CEO Dara Khosrowshahi announced on Tuesday that the company plans to launch self-driving vehicles in Saudi Arabia this year. He indicated that Uber is in discussions with partners in the autonomous driving sector and several ministries in the Kingdom to bring this technology to the local market. During a panel discussion at the Saudi-US...
Jeddah, Saudi Arabia: The automotive landscape in Saudi Arabia is undergoing a significant transformation as Taajeer Group, a leader in mobility solutions, has officially welcomed Kaiyi Motors to its portfolio. This Chinese brand is recognized for its integration of the latest technology, Italian design, and global engineering excellence. Kaiyi Motors combines years of automotive expertise...
The 4th UAE China Tyre & Auto Parts Expo 2025 is scheduled to take place at Expo Centre Sharjah from May 16 to May 18, 2025. This event promises to provide the regional market with direct access to China’s prestigious auto parts industry, known for its advanced manufacturing and swift technological innovation. A press conference...
EVIQ, a prominent electric vehicle infrastructure company in Saudi Arabia, has officially signed a Memorandum of Understanding with Lotus, a high-performance automotive and powertrain technology company. This partnership was announced on May 4, 2025, and is facilitated through Al Walan Trading, Lotus’s official distributor in the Kingdom. The main goal of this agreement is to...
The Royal Oman Police has announced new regulations regarding the import of vehicles from Gulf Cooperation Council (GCC) countries. Effective July 1, 2025, Oman will no longer accept the ‘Clearance Certificate’ for vehicle imports, as reported by the Oman Observer. Under these new rules, importers must present an export certificate issued by the relevant authorities...
Formula 1 is making a significant return to Jeddah this weekend for the fifth Saudi Arabian Grand Prix. However, the excitement is not solely focused on the fastest street circuit in the world, as plans for a new futuristic track outside Riyadh, called Qiddiya Speed Park, are underway with a budget of $480 million (£360...