MASARAT Mobility Park is proud to announce a series of strategic Memoranda of Understanding (MOUs) aimed at establishing advanced manufacturing capabilities within the park. These partnerships mark a pivotal step towards enhancing the Kingdom’s automotive ecosystem, promoting sustainable innovation and industrial growth.
Hyperview Saudi Arabia
Hyperview Saudi Arabia, a joint venture between Intersect Holding and Hyperview Shanghai, a leader in autonomous driving technology. This agreement will facilitate the establishment of a factory in MASARAT Mobility Park dedicated to manufacturing autonomous driving hardware, hydrogen trucks, and electric vehicles. This initiative promises to significantly contribute to the development of next generation mobility solutions at global level.
Eurabus Middle East
As a partnership between Modern Factory Company and Eurabus Germany, Eurabus Middle East will launch a factory in MASARAT Mobility Park for the assembly of sustainable electric buses. This MOU aims to address the growing demand for smart public transport solutions, reinforcing MASARAT commitment to advancing the global transition to sustainable transportation.
EV-MAX Middle East
EV-Max Middle East, a joint venture between Modern Factory Company and EV-Max US plans to establish a factory in MSARAT Mobility Park for the assembly of electric vehicle chargers. This MOU is crucial for supporting the expanding electric vehicle market and enhancing the charging infrastructure necessary for its growth.
DEXORY
MASARAT has also signed an MOU with Dexory from the UK, a pioneer in AI-powered robotic solutions. This MOU will enable the implementation of advanced robotic technologies and infrastructure for supply chain applications within logistics and manufacturing facilities. The collaboration underscores MASARAT’s dedication to integrating cutting-edge technology into supply chain operations.
PAC Project Advisors International Limited (PAC Group)
Lastly, an MOU with PAC Project Advisors International Limited (PAC Group) will see the establishment of a factory in MASARAT Mobility Park to provide comprehensive manufacturing industrial services. This collaboration aims to bolster industrial capabilities, fostering an environment conducive to growth and innovation.
These MOUs represent a significant advancement for MASARAT Mobility Park to become the leading hub for automotive and mobility solutions in the region. These collaborations not only enhance Saudi Arabia’s automotive manufacturing capabilities but also contribute to the broader vision of a connected, smart and sustainable future in mobility.