In a significant development, NEOM, the sustainable regional project in northwest Saudi Arabia, is investing $100 million through the NEOM Investment Fund (NIF) in Pony.ai, a leading global autonomous driving company.

‍

Together, they will establish a joint venture to focus on developing autonomous technology solutions for the NEOM region and key markets in the MENA region. This partnership aims to create autonomous driving services, advanced vehicles, and smart vehicle infrastructure, with a state-of-the-art autonomous vehicle manufacturing and research facility to be built in NEOM.

‍

NEOM's strategic investment aligns with its ambitious plans to implement autonomous transportation solutions in the region, capitalizing on Pony.ai's existing autonomous driving technology.

‍

This expansion marks a milestone for Pony.ai's global ambitions, enhancing the development of the autonomous vehicle industry on a global scale. The company has already achieved notable success by operating fully driverless vehicles in several Chinese cities.

‍