“With this momentous agreement, we welcome Lucid’s first electric vehicle plant outside the US. KAEC and Saudi Arabia stand to reap considerable long-term benefits from the project, which is expected to produce 150,000 electric vehicles per year upon completion and create over 4,500 jobs in the city. The sustainable-mobility options the plant is set to provide, along with a marked uptick in employment opportunities, will bolster KAEC’s reputation as the Kingdom’s leading automotive hub and a vision-ready platform for investors everywhere. ”

-Cyril Piaia, CEO of Emaar The Economic City, master developer of KAEC, commenting on the agreement to establish Lucid’s Advanced Manufacturing Plant #2 in KAEC. [Lucid Motors]