In a significant development, Saudi Arabia's Ministry of Investment signed a $5.6 billion deal with a Shanghai-based electric vehicle company to develop EVs (Electric Vehicles).
© AP Photo / Ng Han Guan
At an Arab-China business conference in Riyadh over the weekend, Saudi Arabia’s Ministry of Investment signed a $5.6 billion deal with Shanghai-based electric vehicle (EV) manufacturer Human Horizons to jointly develop, manufacture, and sell EVs.
The deal was just one of more than 30 su...
