[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
Tashkent plans to lay out 7 cogeneration facilities with a total investment of 173 million US dollars. Some sites will be put into operation in December 2026, while the rest will be put into use in the summer of 2027. The project is supported by the construction of a power grid and heating pipeline network, ensuring energy consumption for residential and public facilities, saving natural gas and water resources, and creating employment opportunities.Editor/Gong Ziwei
Kenya, in collaboration with the World Bank, has completed the completion of the Ketale Lodwar National Highway with an investment of approximately $775 million, providing direct access to the South Sudan border. The travel time has been significantly reduced, and transportation costs have significantly decreased. The project also provides electricity and solar street lights for over a thousand households along the route, enabling some towns to achieve all-weather power supply and improving local transportation and living conditions.Editor/Gong Ziwei