PIF-backed ROSHN, EVIQ to power EV adoption in Saudi Arabia

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Saudi Arabia’s leading real estate developer and PIF-owned giga-project ROSHN Group signed a memorandum of understanding (MoU) with the EV charging solutions provider, Electric Vehicle Infrastructure Company (EVIQ).

The agreement will power the adoption of electric vehicles (EVs) within residential communities and commercial properties developed by ROSHN across the kingdom.

Under the terms of the MoU, ROSHN and EVIQ will cooperate in evaluating, assessing, and developing direct-current infrastructure solutions for EVs within the developer’s residential communities and commercial properties.

The MoU supports the kingdom’s Vision 2030 and its goal of increasing the number of electric vehicles on the roads of Riyadh to 30 per cent.

ROSHN supports overall 2030 vision

David Grover, CEO of ROSHN Group, said: “We are delighted to be working with EVIQ as part of our strategy to implement cutting-edge technologies and partner with best-in-class collaborators.

“This agreement underscores our dedication to creating a robust EV ecosystem which began with ROSHN Front, the iconic Riyadh destination with over 800,000 visitors each month, proudly hosting EVIQ’s inaugural public EV charging facility.”

CEO of EVIQ, Mohammad Baker Gazzaz, said: “EVIQ’s advanced EV charging technology combined with the coverage of ROSHN’s integrated communities and properties will result in a wide-spread network of high-speed chargers in strategic locations around the kingdom, which will result in a positive experience for EV users and support the EV adoption objectives of Saudi Arabia.”

The collaboration between the developer and EVIQ will also see the launch of the kingdom’s first fast-charging public site launch at ROSHN Front in Riyadh.