Move to get private sector on board for Jeddah transport projects

This file photo shows Saudi Ministry of Transport Pavilion at GITEX-Dubai 2016. (SPA)
Updated 18 September 2017

Move to get private sector on board for Jeddah transport projects

JEDDAH: A consulting company is being appointed to study private sector involvement in three public transport projects in the Jeddah area.
King Salman approved the contract, which will be formed with the public transport operator.
It centers on three projects: The Jeddah Corniche Tram, a sea taxi service and the Obhor Bridge.
The possible involvement of the private sector in some public transport projects is in line with aims of the Saudi Vision 2030 reform plan.
The planned sea taxi project will have 20 stations and a capacity estimated at 29,000 passengers per hour.


Saudi-backed electric car breaks through 500 miles range barrier

Updated 12 August 2020

Saudi-backed electric car breaks through 500 miles range barrier

  • Lucid Motors announced independent range verification of 517 miles on a single charge for its forthcoming Lucid Air all-electric sedan

 

LONDON:A Saudi-backed electric vehicle has broken through the 500 mile range barrier from a single charge.
Lucid Motors, in which Saudi Arabia’s Public Investment Fund is a major investor, on Wednesday announced independent range verification of 517 miles on a single charge for its forthcoming Lucid Air all-electric sedan.
The results confirm that the Lucid Air is the longest range electric vehicle to date, the car maker said in a statement.
So-called “range anxiety,” where drivers fear being stranded without power in their cars, is a major factor for electric vehicle manufacturers in convincing people to make the switch from traditional gasoline-fueled vehicles.
“Range and efficiency are widely recognized as the most relevant proof points by which EV technical prowess is measured,” said Lucid Motors CEO Peter Rawlinson. “A few years ago we revealed our alpha prototypes of the Lucid Air and promised over 400 miles range; a reflection of our technology at that time. In the intervening period we have achieved a series of technological breakthroughs, culminating in an unsurpassed degree of energy efficiency.”
The PIF agreed a $1 billion investment deal with Lucid Motors two years ago to develop the car at a factory in Arizona.
The production version of the Lucid Air will debut in an online event on Sept. 9, 2020. In addition to the vehicle’s final interior and exterior designs, new details about production specifications, available configurations, and pricing information will also be shared.
Customer deliveries of the Lucid Air, which will be produced at Lucid’s new factory in Casa Grande, Arizona, will begin in early 2021.