Experts explore pathways for faster electric vehicle integration

Industry leaders speak at a panel on the second day of the EV Auto Show in Riyadh. AN photo
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Updated 18 September 2024
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Experts explore pathways for faster electric vehicle integration

RIYADH: Experts discussed the progress of electrification in the private vehicle market, noting that while advancements are being made, mass adoption has not yet been achieved.

Jonathan Spear, policy and strategy adviser at Atkins Realis, shared these insights during a keynote panel titled “How Electric Vehicles Can See Faster Commercial Adoption” at the EV Auto Show on Wednesday.

Key challenges facing the sector include high purchase prices driven by battery costs and the necessity for robust charging infrastructure. Spear pointed out that leading nations in electric vehicle adoption include China, Europe, and the US, while emerging economies are lagging due to the logistical difficulties of electrifying their vehicle fleets.

He emphasized that national regulations and city-level policies play a critical role in promoting the adoption of zero-emission fleets, particularly through public procurement strategies for cleaner vehicles and infrastructure.

Tony Mazzone, managing director at Electromin, highlighted the importance of government support in accelerating the development of EV charging infrastructure. He noted that the cost of electric vehicles remains significantly higher than that of diesel vehicles, largely due to the high expenses associated with technology and batteries.

Mazzone also mentioned that the electrification of larger trucks is progressing more slowly due to technological challenges. For instance, he explained that electrifying a 40-ton truck involves substantial battery weight, making the establishment of charging infrastructure along key routes equally demanding.

Looking ahead, Mazzone expressed optimism that advancements in technology, such as solid-state batteries, could address these challenges by 2030.

Vincent Jia, managing director at Yutong Trucks, discussed the company’s focus on three primary markets in the Middle East: Saudi Arabia, the UAE, and Qatar. He observed that Saudi Arabia’s electric truck market is slower to adopt compared to its neighbors, attributing this to the kingdom’s lower fuel prices.

Spear reiterated the importance of implementing the right policies, legislation, and national regulations to foster EV adoption in Saudi Arabia. He also stressed the need for openness to innovation and technological trials that suit the region’s climatic conditions.

In conclusion, Spear suggested that effective practices should consider the entire lifecycle of electric vehicles, including their construction and supply chain, to ensure a comprehensive approach to reducing carbon emissions.


The Family Office to host global investment summit in Saudi Arabia

Updated 18 January 2026
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The Family Office to host global investment summit in Saudi Arabia

RIYADH: The Family Office, one of the Gulf’s leading wealth management firms, will host its exclusive investment summit, “Investing Is a Sea,” from Jan. 29 to 31 on Shura Island along Saudi Arabia’s Red Sea coast.

The event comes as part of the Kingdom’s broader Vision 2030 initiative, reflecting efforts to position Saudi Arabia as a global hub for investment dialogue and strategic economic development.

The summit is designed to offer participants an immersive environment for exploring global investment trends and assessing emerging opportunities and challenges in a rapidly changing financial landscape.

Discussions will cover key themes including shifts in the global economy, the role of private markets in portfolio management, long-term investment strategies, and the transformative impact of artificial intelligence and advanced technologies on investment decision-making and risk management, according to a press release issued on Sunday.

Abdulmohsin Al-Omran, founder and CEO of The Family Office, will deliver the opening remarks, with keynote addresses from Saudi Energy Minister Prince Abdulaziz bin Salman and Prince Turki Al-Faisal, chairman of the King Faisal Center for Research and Islamic Studies.

The press release said the event reflects the firm’s commitment to institutional discipline, selective investment strategies, and long-term planning that anticipates economic cycles.

The summit will bring together prominent international and regional figures, including former UK Treasury Commercial Secretary Lord Jim O’Neill, Mohamed El-Erian, chairman of Gramercy Fund Management, Abdulrahman Al-Rashed, chairman of the editorial board at Al Arabiya, Lebanese Minister of Economy and Trade Dr. Amer Bisat, economist Nouriel Roubini of NYU Stern School of Business, Naim Yazbeck, president of Microsoft Middle East and Africa, John Pagano, CEO of Red Sea Global, Dr. Anne-Marie Imafidon, MBE, co-founder of Stemettes, SRMG CEO Jomana R. Alrashed and other leaders in finance, technology, and investment.

With offices in Bahrain, Dubai, Riyadh, and Kuwait, and through its Zurich-based sister company Petiole Asset Management AG with a presence in New York and Hong Kong, The Family Office has established a reputation for combining institutional rigor with innovative, long-term investment strategies.

The “Investing Is a Sea” summit underscores Saudi Arabia’s growing role as a global center for financial dialogue and strategic investment, reinforcing the Kingdom’s Vision 2030 objective of fostering economic diversification and sustainable development.