[Lucid Motors to build first overseas production plant in Saudi Arabia] Lucid Motors said it will build a production plant in Saudi Arabia with an annual capacity of 155,000 zero-emission electric vehicles. The deals are estimated to give Lucid a total of up to $3.4 billion in funding and incentives over the next 15 years to build and operate manufacturing plants in the kingdom. AMP-2, which will be located in King Abdullah Economic City, is the first production facility outside the U.S. for a public investment fund-backed electric vehicle manufacturer, according to a statement. Editor/Xing Wentao

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• 2026.06.12 17:04
• [Saban wins Saudi Arabia 's EPC contract for more than $ 1 billion gas plant]
• Recently, the Italian oilfield service giant Seban Group has won a large list of overseas energy engineering projects, and the Saudi billion-level gas plant project has landed, consolidating its position in the Middle East market and broadening the layout of global oil and gas infrastructure. It is reported that the Saipan Group has won the bid for the Saudi Usmaniyah natural gas compression plant project through a Saudi joint venture. The contract value is USD 1.04 billion, and the project cycle is 42 months. It is responsible for the overall project, procurement and construction work, which can extend the production life of the local gas field and ensure the supply of Saudi energy. In addition, in April this year, the company won a USD 400 million offshore water injection facility contract for the Safaniya Oilfield in Saudi Arabia.At the same time, it won a USD 150 million pre-project order for the offshore project in Guyana, and made more efforts to expand the overseas oil and gas engineering market.Editor / Li Xiaohua

• 2026.06.12 16:05
• [New shipping route from Yangpu to India opened]
• On June 9, 2026, the Xintaicang ship departed from Yangpu International Container Terminal, and the new container shipping route from Yangpu to India was officially opened. The route passes through the South Vietnam Sea Defense Port, Singapore Port, and India's Mundra Port, making it the second sea freight channel connecting Yangpu and South Asia. Hainan rapeseed oil, chemical products, etc. can be directly transported to India, and domestic goods can also be transshipped through Yangpu to South Asia, forming a two-way logistics pattern between the north and south. Yangpu Maritime Bureau provides full escort throughout the process, simplifies inspection procedures, and effectively reduces logistics costs. Editor/Cheng Liting