WAJA has signed a strategic agreement with the Arab Organization for Industrialization to launch a joint venture in Egypt.
In a pioneering move to enhance innovation and support technological development and environmental sustainability in line with the goals of Saudi Vision 2030, WAJA announced the signing of a framework cooperation agreement with the Arab Organization for Industrialization to establish a joint venture in the Arab Republic of Egypt. This partnership represents a step towards enhancing the company’s strategic goals as a leader in multiple pathways.
An official statement was published on the Tadawul platform, stating that the new joint venture will specialize in the manufacturing and production of electric vehicles that meet local market needs and enhance export opportunities to global markets.