Transport Red Sea Global installs Saudi Arabia’s largest EV charging network By Pramod Kumar October 17, 2023, 7:13 AM Red Sea Global Red Sea's fleet of Mercedes and Lucid EVs will be used for guest transport at the resort Saudi developer Red Sea Global has installed what it says is the kingdom’s largest off-grid electric vehicle charging network. The network includes more than 150 charging stations spread across phase one of the Red Sea project. The stations are strategically located to keep Red Sea Global’s initial fleet of 80 electric Lucid and Mercedes vehicles charged and on the road, the developer said in a statement. PIF launches company to drive Saudi EV charging Lucid opens first global EV factory in Saudi Arabia Saudi company invests in US battery maker Pure Lithium The infrastructure needed to service, maintain and operate the fleet is now in place. The Mercedes-Benz EQS and Lucid Air vehicles will be used for guest transport during their stay at the Red Sea. Earlier this month the Public Investment Fund (PIF) and Saudi Electricity Company launched a new company to deliver EV fast-charging infrastructure in Saudi Arabia. The new company plans to establish a presence in over 1,000 locations, installing over 5,000 fast chargers by 2030 in cities across the kingdom through collaboration with EV companies. Lucid Group opened its first international manufacturing plant in the newly-launched King Abdullah Economic City special economic zone in September. The US-based EV maker, backed by PIF, announced plans for the factory last year as the kingdom signed an agreement to buy up to 100,000 vehicles over a decade. In June, the Saudi ministry of industry and mineral resources granted an industrial licence to Ceer, the first local automotive brand to produce EVs, to build its manufacturing facility in KAEC’s Industrial Valley.
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Real Estate Eagle Hills plans Trump hotel project with Kushner The Abu Dhabi-based developer Eagle Hills and Affinity Partners, an investment firm founded by Donald Trump’s son-in-law, Jared Kushner, have agreed to build a luxury hotel and apartment complex in Serbia’s capital, Belgrade. The project, on the site of the former Yugoslav defence ministry, will feature a 175-room Trump hotel as its centrepiece, and 1,500 […] 14 hours ago
