Lucid to sign contract for EV factory in KAEC next week

The company expects to manufacture up to 150,000 vehicles annually at the KAEC facility. (Shutterstock)
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Updated 13 May 2022
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Lucid to sign contract for EV factory in KAEC next week

RIYADH: US electric car maker, Lucid, will sign a contract to start building an electric vehicle factory in King Abdullah Economic City, known as KAEC, on May 18, according to a press invitie. 

The contract will be signed in the presence of the Ministry of Finance, Ministry of Investment, Public Investment Fund, Saudi Industrial Development Fund and Emaar The Economic City. 

Last March, Lucid signed agreements with the Ministry of Investment, SIDF and KAEC to build a car manufacturing facility in Saudi Arabia, Argaam earlier reported.

The company expects to manufacture up to 150,000 vehicles annually at the KAEC facility.


UAE thwarts terrorist cyberattacks targeting vital sectors

Updated 22 February 2026
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UAE thwarts terrorist cyberattacks targeting vital sectors

DUBAI: The UAE successfully prevented terrorist cyberattacks that targeted the country’s digital infrastructure and vital sectors, in an attempt to destabilize the nation and disrupt essential services, state news agency WAM reported.

The UAE Cybersecurity Council said the attacks included attempts to infiltrate networks, deploy ransomware, and conduct systematic phishing campaigns targeting national platforms.

It also involved the exploitation of artificial intelligence technologies to develop sophisticated offensive tools, reflecting a qualitative shift in the methods employed by terrorist groups and their ability to harness modern technologies to carry out digital attacks, WAM reported.

The Council reiterated the country’s national cybersecurity defense system makes sure that the safety of individuals, the protection of personal data and the continuity of critical services remain top priorities.

It further urged the public to report any cyber threats or suspicious attempts to ensure digital security in the country.