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

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

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.