GM EV assembly plant becomes operational in Detroit

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Updated 20 November 2021
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GM EV assembly plant becomes operational in Detroit

  • New facility will feed Middle Eastern market, says company

RIYADH: The General Motors Factory ZERO EV assembly plant is now set to become operational at the former Detroit-Hamtramck assembly plant, the company said in a statement.

The “milestone” was achieved in less than two years after GM announced the massive $2.2 billion investment to fully renovate the facility to build a variety of all-electric trucks and sport utility vehicles.

“GM’s manufacturing expertise is key to achieving our all-electric future,” said GM Chair and CEO Mary Barra. “This is a monumental day for the entire GM team. We retooled Factory ZERO with the best, most advanced technology in the world to build the highest quality electric vehicles for our customers.”

The new production process will feed one of two distinct strategic business pillars of GM Middle East — supplying the many EVs that will accelerate the regional future of mobility agenda across electrification, autonomy and connectivity, through a green circular economy.

“Regionally, the launch of Factory Zero strengthens our standing as a leader in the future of mobility. Majority of the nations in the Middle East are actively working to achieve their net-zero plan, most of which tackle transport solutions. This is promising when we look at the future adoption of our EV and AV portfolio, which are now a step closer to being on Middle Eastern roads, following the large-scale production to take place at Factory Zero,” said Luay Al-Shurafa, president and managing director at General Motors Africa and Middle East.


Saudi finance ministry, IMF to launch AlUla conference for emerging market economies

Updated 07 February 2026
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Saudi finance ministry, IMF to launch AlUla conference for emerging market economies

RIYADH: The Saudi Ministry of Finance and the International Monetary Fund (IMF) will launch on Sunday the second edition of the annual AlUla Conference for Emerging Market Economies. 

Launched first in 2025, the conference this year brings together economic decision-makers, finance ministers, central bank governors, leaders of international financial institutions, and a select group of experts and specialists from around the world.

The conference, which will be held on Feb. 8 and 9, is going to highlight the rapid transformations occurring in the global economy and the challenges and opportunities they present for emerging market economies, particularly in the areas of international trade, monetary and financial systems, and macroeconomic policies.