Chinese firm to set up Saudi car assembly plant

Updated 20 July 2014
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Chinese firm to set up Saudi car assembly plant

A well-known Chinese car maker is studying the possibility of establishing a car assembly plant in the Kingdom through a Saudi-Chinese partnership, local media said quoting an expert.
The car plant is intended to supply the local market with Chinese cars, spare parts and create new job opportunities for young Saudis, General Manager of BYD Chinese Cars in Saudi markets Ibrahim Qahtan was quoted by Al-Eqtisadiah daily.
He stated that the BYD automaker has planned to set up a car assembly plant in partnership with the sole BYD car agent in the Kingdom. He gave no details on the subject as studies have not yet been completed.
The Regional Director of BYD brand in the Middle East said the company currently retains four car assembly plants in the region (Iraq, Egypt, Sudan, and Ethiopia), which will form the basis for their company to develop and expand in the region.
The above remarks come on the sidelines of the opening of the first BYD car show, recently launched by Chinese Consul General in Jeddah Anwar Habibullah.
Qahtan said the BYD car company had expanded the production of electric cars, which are currently available in the Chinese and European markets.
However, the absence of appropriate infrastructure for electric cars delayed the entry of cars in the Kingdom but as soon as the infrastructure is available, the cars will be imported immediately, he said.
On the future of the Chinese cars in the Saudi market, he said the Chinese cars will not only enter the Saudi market but spread into all world countries for a number of reasons, notably advanced technology and competitive prices where their prices in the Saudi markets will range from SR30,000 and SR75,000 for the best performance cars of this type.


Huawei secretly helped North Korea build, maintain wireless network: Washington Post

Updated 22 July 2019
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Huawei secretly helped North Korea build, maintain wireless network: Washington Post

WASHINGTON: Huawei Technologies Co. Ltd. , the Chinese company put on a US black list because of national security concerns, secretly helped North Korea build and maintain its commercial wireless network, the Washington Post reported on Monday, citing sources and internal documents.
The Chinese telecommunications giant partnered with a state-owned Chinese firm, Panda International Information Technology Co. Ltd., on a number of projects in North Korea over at least eight years, the Post reported.
Such a move would raise questions of whether Huawei, which has used US technology in its components, violated American export controls to furnish North Korea with equipment, according to the Post.
The United States put Huawei on a blacklist in May, citing national security concerns. The move banned US companies from selling most US parts and components to Huawei without special licenses but President Donald Trump said last month American firms could resume sales in a bid to restart trade talks with Beijing.
Huawei did not immediately respond to a request for comment, but said in a statement to the Washington Post it had “no business presence” in North Korea. It was not immediately possible to reach the Panda Group.
The Commerce Department, which also did not immediately respond to a request for comment, has investigated possible links between Huawei and North Korea since 2016 but has not publicly connected the two, the Post said.
Huawei and Panda vacated their Pyongyang office in the first half of 2016, the newspaper reported.