Riyadh Development Company has signed a strategic agreement with EVIQ, a company specializing in the development and operation of electric vehicle charging stations, on the sidelines of the “Public Investment Fund and Private Sector Forum,” held at the King Abdulaziz International Conference Center in Riyadh.
This agreement aligns with the efforts of both parties to enhance the infrastructure for sustainable transportation in the Kingdom, in line with Saudi Vision 2030 and environmental sustainability goals.
The partnership aims to develop charging station sites within Riyadh Development Company’s assets, contributing to Riyadh’s transformation into a smart and sustainable city. It also seeks to optimize the use of the company’s assets to enhance sustainable investment returns. Additionally, the agreement reflects the role of the Private Sector Forum of the Public Investment Fund in enabling effective partnerships between PIF-owned companies and the private sector.
The CEO of Riyadh Development Company, Jihad bin Abdulrahman Al-Qadi, explained that at the beginning of 2023, the company launched its strategy under the slogan “Investing for Growth”, aiming to uphold the principle of sustainability in its broadest sense, including environmental sustainability, by fostering strategic partnerships that add value.
He further stated that this agreement reflects the company’s direction in supporting the enhancement of sustainable infrastructure solutions for Riyadh in general, providing more comprehensive solutions while preserving environmental assets, contributing to the transition towards electric mobility, and strengthening Riyadh’s position as a sustainable urban hub.
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