Riyadh - Sharikat Mubasher: The Saudi Electric Vehicle Infrastructure Company (EVIQ) forged a strategic partnership with Solutions Valley, a leading provider of innovative energy and power solutions, to expedite the expansion of electric vehicle (EV) chargers across the Kingdom, a recent statement unveiled.

This partnership aims to accelerate the adoption of EVs in Saudi Arabia, in alignment with EVIQ’s plan to set up more than 1,000 EV charging hubs across the Kingdom by 2030.

The partnership agreement underscored the shared commitment of both companies to realizing Saudi Arabia’s goal of creating a sustainable energy future.

EVIQ, a joint venture between the Public Investment Fund (PIF) and Saudi Electricity Company (SEC), aspires to establish a nationwide network of over 5,000 EV fast chargers by 2030.

Recently, the company signed an agreement with Rakaa Trading Holding Company to build a new EV charging station at Century Corner Mall.

EVIQ focuses on enabling the EV sector in the Kingdom by building best-in-class infrastructure and increasing demand for EVs to make the sector more attractive and rewarding for private-sector investors.

In 2023, the PIF-owned company inaugurated an advanced research and development (R&D) facility to test a range of chargers and software to ensure the deployment of best-in-class equipment and related software.