Saudi sustainable tourism development company Red Sea Global has signed a deal with Electromin and Energy International Corporation to deliver a carbon-neutral, electric mobility network to its Red Sea development.
Electromin will assist in the supply of an electric bus fleet in collaboration with the Chinese company Yutong and the European manufacturer and supplier of electric vehicles, EURABUS. The fleet of zero-emission electric buses, which will be used initially to transport employees around the site, marks the company’s first smart sustainable integrated transport network.
To conveniently service regular routes for employees, the fleet will consist of two types of vehicles: a smaller vehicle with a range of around 250km and a larger bus with a range of roughly 350km when fully charged. Emission-free transport at RSG corresponds with its larger ambition to power the entire destination with solar energy, thus reducing carbon emissions by about 500K tons per year.
Saudi Arabia’s Crown Prince Mohammed bin Salman launched the first Saudi EV brand Ceer. Ceer is set to directly contribute $8 billion to Saudi Arabia’s GDP by 2034. Part of the Saudi Public Investment Fund’s strategy is to diversify Saudi Arabia’s gross domestic product increases by investing in promising growth industries — Ceer will attract over $150 million of foreign direct investment, and create up to 30,000 direct and indirect jobs.
Speaking at the Saudi Green Initiative, which took place on the sidelines of the UN Climate Change Conference last week, PIF’s Governor, Yasir Al-Rumayyan said that the Kingdom plans to build 328,000 EVs per year, with investments in the electronic vehicles sector.