HomeWorldThe first electric car brand was announcedOUS News

The first electric car brand was announcedOUS News

Saudi Crown Prince and Prime Minister Prince Mohammed bin Salman announced the kingdom’s first electric car brand ‘Sir’.

According to foreign media reports, this brand will contribute to the development of Saudi Arabia’s automotive manufacturing sector.

According to the Saudi press agency, the Saudi crown prince said in a statement that the launch of the electric vehicle manufacturer is in line with the strategy of the Public Investment Fund (PIF).

The Saudi Crown Prince added that the aim is to focus on seizing opportunities that exist locally in sectors that can help achieve Vision 2030 targets and help diversify the economy.

The new electric vehicle maker will contribute to Saudi Arabia’s efforts to reduce carbon emissions and combat the effects of climate change.

The Crown Prince said that Saudi Arabia is not only developing a new automotive brand, but as part of the PIF strategy, we are developing a new industry and ecosystem to enable economic growth in line with Vision 2030. which attracts international and local investment.

Prime Minister Prince Mohammed bin Salman further said the kingdom’s aim is to create job opportunities for local talent and enable the private sector to play its role in increasing Saudi Arabia’s gross national product (GDP) over the next decade.

According to the Saudi press agency, Seir is the first Saudi automotive brand to produce electric vehicles in the kingdom.