UPS launches world first solar vehicle charging point at Expo 2020 Dubai

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The EVs will eventually replace the entire UPS fleet. (Supplied)
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The EVs will eventually replace the entire UPS fleet. (Supplied)
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Updated 03 October 2021
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UPS launches world first solar vehicle charging point at Expo 2020 Dubai

  • The EVs will eventually replace the entire UPS fleet

DUBAI: The world’s first solar-powered vehicle charging point has been launched at Expo 2020 Dubai where it will be used by the courier service UPS to power its fleet of electric delivery vans.

UPS, made the announcement alongside its partners Arrival and DP world, at a press conference at the Expo site on Sunday.

Sunlight will be captured through solar panels on the roof of DP World’s Flow pavilion, with the solar energy flowing through a processing system to an off-grid battery Energy Storage System (BESS) unit which powers the charging station.

The UPS fleet of electric vehicles being used at the Expo are part of the company’s larger transition to a zero-emissions fleet within the next three years.

The two vehicles, produced by UK-based manufacturer Arrival, are part of an initial order of 10,000 purpose-built electric vehicles that will propel the company towards its carbon-neutral goal by 2050.

The vehicles, which come in three sizes, will be dispatched across the UAE at a later date, “in Jebel Ali and other parcel sorting facilities,” Abdulla Bin Damithan, the CEO and managing director of the Dubai-based logistics company DP World, said.

“Our clients and their clients are demanding it,” said Scott Price, the president of UPS International.

“You simply don’t stay in business that long without innovating, which is why our partnership with arrival is very important,” Price noted.

Arrival, a six-year-old UK-based company that has recently emerged from the shadows, first announced the partnership with UPS to develop electric vehicles in 2016, giving the latter compelling commercial and environmental benefits to transition to a zero-emissions fleet.

“Our electric vans are zero-emission, powered by the sun, and don’t need to be connected to the electrical grid to deliver packages. It’s truly transformative,” Avinash Rugoobur, Arrival’s Chief Strategy Officer, said.

The company announced in Jan. 2020 a $110 million investment from Hyundai and Kia while UPS has also acquired a minority stake.

The two Arrival prototypes will be on display on-site at the Expo site, delivering packages across the 4.38 sq km venue. 

“Expo is where innovation and technology come together to make life better,” Rygoobur noted, highlighting the importance of the off-the-grid aspect of the vehicles.

These vehicles can be used anywhere in the world, with the lack of electric connectivity in remote areas no longer a hindrance.

“The sun takes them off the grid and frees up these vehicles to be used anywhere,” Price said.

Arrival has put forth a new method of assembly using low capital, low footprint microfactories located to serve local communities and profitable from thousands of units, Ryoobur said.

It also makes their vehicles price competitive with fossil fuel-powered commercial vans, buses and other vehicles.

“This paves the way for locally manufactured vehicles in the region,” he added, with Arrival currently operating four plants in the UK, US and Spain.

With no metals and composed of fully recyclable solar panels, these vehicles “transform the way we think of mobility,” Ryoobur, who joined the company almost three years ago, highlighted.

To further its sustainability pledge and in line with Expo 2020 Dubai’s theme, UPS will purchase carbon offsets for every package shipped at the UPS Expo 2020 customer counters to mitigate its environmental impacts.

“It is our collective responsibility to become more sustainable and environmentally friendly,” Bin Damithan said. 


Saudi stock market opens its doors to foreign investors

Updated 06 January 2026
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Saudi stock market opens its doors to foreign investors

RIYADH: Foreigners will be able to invest directly in Saudi Arabia’s stock market from Feb. 1, the Kingdom’s Capital Market Authority has announced.

The CMA’s board has approved a regulatory change which will mean the capital market, across all its segments, will be accessible to investors from around the world for direct participation.

According to a statement, the approved amendments aim to expand and diversify the base of those permitted to invest in the Main Market, thereby supporting investment inflows and enhancing market liquidity.

International investors' ownership in the capital market exceeded SR590 billion ($157.32 billion) by the end of the third quarter of 2025, while international investments in the main market reached approximately SR519 billion during the same period — an annual rise of 4 percent.

“The approved amendments eliminated the concept of the Qualified Foreign Investor in the Main Market, thereby allowing all categories of foreign investors to access the market without the need to meet qualification requirements,” said the CMA, adding: “It also eliminated the regulatory framework governing swap agreements, which were used as an option to enable non-resident foreign investors to obtain economic benefits only from listed securities, and the allowance of direct investment in shares listed on the Main Market.”

In July, the CMA approved measures to simplify the procedures for opening and operating investment accounts for certain categories of investors. These included natural foreign investors residing in one of the Gulf Cooperation Council countries, as well as those who had previously resided in the Kingdom or in any GCC country. 

This step represented an interim phase leading up to the decision announced today, with the aim of increasing confidence among participants in the Main Market and supporting the local economy.

Saudi Arabia, which ‌is more than halfway ‍through an economic plan ‍to reduce its dependence on oil, ‍has been trying to attract foreign investors, including by establishing exchange-traded funds with Asian partners in Japan and Hong Kong.