RIYADH: General Motors’ business in Ƶ accounts for 50 percent of its revenue and the American automobile manufacturer is planning a regional office in the Kingdom in addition to its current one in Dubai, a top official told Arab News.
GM President and Managing Director Luay Al-Shurafa said it also plans to introduce electric vehicles in the Kingdom as part of its expansion plan here.
When asked if GM plans a manufacturing plant in the Kingdom, he didn't rule this out, saying "all options are on the table."
Al-Shurafa said the company cannot succeed without forming strategic partnerships with governments, public and the private sectors to accelerate growth, transform customer experience, and transform the mobility and transportation sectors.
GM plans to introduce 13 all-electric nameplates by 2025 in Ƶ, according to Al-Shurafa. Also, he mentioned that the company is working on bringing a “surprise” to Ƶ in the next 12 months.
The company had an office in the Kingdom in Jeddah. However, it was closed a few years ago. It hopes to start operations in the Kingdom soon, Al-Shurafa said.
Al-Shurafa concluded by announcing that GM will host Exhibit Zero Arabia in Riyadh around November 2022.
“We will share with you technologies, innovations, and soon to be launched EVs,” he said.
After spending a few days in the Kingdom and meeting different people at the Global Entrepreneurship Congress, he felt impressed by the potential for Saudi startups.
Talking on the sidelines of the congress in Riyadh, he said: “I would say that the GEC is just a sample of what this country can give and what the youth of this country can give.”
Al-Shurafa said that GM is exploring growth opportunities at the Global Entrepreneurship Congress and examining ways to contribute to the Kingdom’s development vision.
