Cidi, a Hong Kong-based company, sees potential for expansion in the Middle East market as the region experiences growth in the construction industry.

Quick Summary:

Cidi, which makes autonomous vehicles for use in mining and construction, is in talks to set up a long-term presence in Saudi Arabia as the kingdom invests heavily in infrastructure, executives say.

The start-up, with research centres in Changsha, Chongqing and Chengdu, is in talks to “set up a long-term presence” in Neom, Saudi Arabia, co-founder and CEO Ma Wei told the Post.

In April, Cidi hosted 12 Neom executives in Shenzhen during their weeklong trip to mainland China and Hong Kong.

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Article Details

Author / Journalist: Yuke Xie

Category: Business

Markets: Hong KongChinaSaudi ArabiaUnited Arab EmiratesUnited States

Topics: Saudi Construction Vehicles Middle Driving Want East Arabia Autonomous Neom Cidi

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-27 @ 12:00:22 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 559 words

Reading Time: 4 minutes read

Sentences: 17 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 21099193

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