GCCVest is proud to have played an instrumental role in facilitating the joint venture between Foxconn Interconnect Technology (FIT) and Saudi partner Saleh Suleiman Alrajhi & Sons, culminating in the official ceremony on December 9th for the Smart Mobility electric vehicle (EV) charger manufacturing plant, which will produce locally-manufactured EV chargers.

Serving as FIT’s key strategic advisor in this venture, GCCVest provided critical counsel throughout the development and realization of the project, which establishes a major industrial foothold for Foxconn in the Europe, Middle East, and Africa (EMEA) region. The plant, located at the King Salman Energy Park (SPARK) in Dammam, marks a significant advance in Saudi Arabia’s smart mobility and energy infrastructure ambitions.

For further details on the project and ceremony, please see the full announcement: Taiwan’s Foxconn breaks ground on Saudi EV charger plant.