Saudi Arabia says it will respond to any action taken against it with a ‘greater reaction’

Updated 14 October 2018
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Saudi Arabia says it will respond to any action taken against it with a ‘greater reaction’

  • Kingdom's statement says it is an important part of the world economy
  • Any action, sanctions or otherwise, will be met with "greater action"

Saudi Arabia said on Sunday that it rejects any threats and attempts to undermine it, and would respond with “greater action” to any sanctions or action taken against the Kingdom, state news agency SPA has reported.

The statement went on to say: “Whether by waving economic sanctions, using political pressure, or repeating false accusations that will undermine the Kingdom.”

“The government and the people are steadfast, dear as ever, no matter what the circumstances and whatever the pressure is.”

It said that if action was taken against the Kingdom “it will respond with greater action.”

The statement added: “The Kingdom’s economy has an influential and vital role in the global economy.”

This is the statement in full:

An official source stated that the Kingdom of Saudi Arabia and from its leading position in the Arab and Islamic worlds has played a prominent role throughout history in achieving security, stability and prosperity of the region and the world, leading efforts in combating extremism and terrorism, enhancing economic cooperation and consolidating peace and stability in the region and the world and it is still working with brotherly and friendly countries to promote these goals, basing all of this on its own status as a platform of revelation, and the birthplace of Islam.

The kingdom affirms its total rejection of any threats and attempts to undermine it, whether by threatening to impose economic sanctions, using political pressures, or repeating false accusations that will not undermine the Kingdom and its staunch positions and Arab, Islamic and international status, the outcome of these weak endeavors, like their predecessors, is a demise.

The Kingdom as the government and people are steadfast, glorious as ever, no matter whatever the pressures and circumstances might be.

The Kingdom also affirms that if it receives any action, it will respond with greater action, and that the Kingdom's economy has an influential and vital role in the global economy and that the Kingdom's economy is affected only by the impact of the global economy.

The Kingdom appreciates the brothers’ stand in the face of the campaign of false allegations and falsehoods, as well as it appreciates the voices of the wise people around the world, who have overcome wisdom, deliberation and the search for truth instead of rushing and seeking to exploit rumors and accusations to achieve goals and agendas unrelated to the search for truth.


Tesla rival Lucid Motors wants to build factory in Saudi Arabia

Updated 2 min 59 sec ago
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Tesla rival Lucid Motors wants to build factory in Saudi Arabia

  • Lucid Motors eyes production plant in Kingdom after raising more than $1bn from the Public Investment Fund
  • California-based electric-car maker hopes to sell first vehicles for more than $100,000 

LONDON: A US-based electric-vehicle company that raised more than $1 billion from Saudi Arabia wants to build a factory in the Kingdom, and says its mission to build “the best car in the world” is well underway. 

The California-based Lucid Motors is developing its first model, the Air, which it hopes to sell for more than $100,000 when it enters production in less than two years’ time. 

Financial backing from Saudi Arabia’s Public Investment Fund (PIF), announced last year, will allow Lucid to proceed with the development of the all-electric sedan, as well as fund the $240 million cost of building the first phase of its factory in the US.

Peter Rawlinson, chief technology officer at Lucid Motors — and a former engineer at rival Tesla — said the company wants to eventually build a production plant in Saudi Arabia, and sees a “long-term” partnership with the Kingdom.

“I can see a really bright future, with a tangible manufacturing facility or facilities,” Rawlinson told Arab News.

“We’d love to do that … We’re currently in a period where we are investigating all these options. 

“There is a vision that there will be some sort of production facility in the future.”

Rawlinson added that it is “early days” for such a plan, but said he sees many opportunities for electric vehicles in Saudi Arabia — not least, because of the abundant sunshine and potential for solar power.

“We are undertaking the appropriate studies, but I’m really excited about the potential of this. This partnership is huge for us; we can benefit the Kingdom of Saudi Arabia in a significant, meaningful and long-term manner,” he said. 

“One of the great assets of the Kingdom is its endless reserves of sunshine, and how that can be harvested with solar energy. We’re a battery-storage technology company; that’s a way we could contribute. We’re exploring a number of avenues along those lines.”

Lucid is positioning itself in the luxury market, and Rawlinson said its Air model is looking to compete with the likes of the Mercedes-Benz S-Class. The Lucid Air is the company’s first car, but Rawlinson said an initial public offering (IPO) could be on the cards to develop future models.

The engineer brushed off the idea of a competitive threat from Elon Musk’s Tesla, where he once worked as chief engineer for the Model S.

“We don’t see Tesla as a key, direct competitor. We see the German gasoline cars — the petrol engine cars … as our core competitive set,” he said. 

“I’ve spoken to many people … who would gladly buy an electric car but say they’re not going to give up their Mercedes-Benz to buy a Tesla because of the interior. You’ve only got to step inside a Tesla to realize it’s not true luxury.”