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Asharq Al-Awsat

Business

Riyadh - Saeed al-Abyad

Foundation Stone Laid for First Lucid Plant in Saudi Arabia

Lucid Bandar Alkhorayef Saudi Arabia Lucid Motors United States Khalid alFalih Kingdom Peter Rawlinson Inauguration

Saudi government and Lucid Motor’s officials at a ceremony to sign agreements for the development of a production facility in the Kingdom, Asharq Al-Awsat

US-based Lucid Motors on Wednesday laid the foundation stone for its first-ever electric car plant outside the US at King Abdullah Economic City (KAEC) in the Saudi western city of Rabigh.

Minister of Industry and Mineral Resources Bandar Alkhorayef announced that Saudi Arabia is targeting manufacturing of more than 300,000 cars annually by the year 2030.

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