Chinese company QCraft plans to enter Saudi autonomous driving market

QCraft’s interest in the Middle East comes after its expansion in Asia and Europe. QCraft
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Updated 10 December 2025
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Chinese company QCraft plans to enter Saudi autonomous driving market

RIYADH: Chinese company QCraft intends to enter the autonomous driving market in Saudi Arabia and the Middle East region, according to its founder and CEO, James Yu, who spoke to Al-Eqtisadiah newspaper.

The company, which specializes in developing advanced autonomous driving technologies, made its first appearance in the region during its participation in the Global CommoMotion Summit 2025, held in Riyadh from Dec. 7 to 9.

The company’s interest in the Middle East comes after its expansion in Asia and Europe, according to Yu, who confirmed that the Saudi market is large and has strong demand.

He said: “We plan to increase our investments and support the local mobility industry through safer and more efficient solutions, relying on clean energy in logistics services.”

Why Saudi Arabia?

QCraft’s participation in the Global CommoMotion Summit was part of a series of presentations and lectures that focused on the latest developments in electric vehicles, autonomous mobility, and artificial intelligence in transportation as well as hydrogen and alternative fuel technologies, and the future of supply chains and logistics services.

This edition, held in Riyadh, highlights Saudi Arabia’s mega infrastructure projects, including the Riyadh Metro and autonomous vehicle trials on the capital’s streets.

Yu confirmed that the firm is preparing to launch pilot and investment projects in the Kingdom once market assessment is complete. He noted that its Level 2 products have reached approximately 1 million installations globally, while its Level 4 products have been sold in several cities worldwide, including Japan, Singapore, and Hong Kong.

Plans for expansion in the Middle East

QCraft has plans to expand into the Middle East in the coming phase, according to its CEO.

Yu said: “The company has become a major player in the autonomous vehicle sector. We brought RoboBus buses and RoboVan delivery trucks to the Middle East, and we are working to develop partnerships to implement these technologies in everyday services.”

He added that the company aims to build an autonomous driving network that will help improve operational efficiency in the logistics sector, while providing environmentally friendly and safer mobility solutions.

The CommoMotion Summit brings together the public and private sectors from Asia, the Middle East, Europe, North America, and the Global South to discuss the future of mobility and urban transformation, shaping the future of multimodal transportation in the world’s cities.

Saudi Arabia is charting a new course for mobility

Last July, Saudi Arabia launched the initial implementation phase for autonomous vehicles, aiming to develop a smart and safe transportation system in the Kingdom.

This step, which aligns with the National Transport and Logistics Strategy, aims to adopt sustainable mobility solutions that leverage the latest artificial intelligence technologies.

In this phase, autonomous vehicles are being deployed in a real-world operational environment covering King Khalid International Airport and several key locations in Riyadh. This includes highways and select destinations in the city center.

Minister of Transport and Logistics Saleh Al-Jasser confirmed at the time that launching the initial application phase embodies an ambitious vision toward building a smart and integrated transportation system that supports economic growth and improves the quality of life.


Closing Bell: Saudi main index closes in green at 10,917 

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Closing Bell: Saudi main index closes in green at 10,917 

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Monday, gaining 4.86 points, or 0.04 percent, to close at 10,917.04. 

The total trading turnover of the benchmark index was SR3.95 billion ($1.05 billion), as 102 of the listed stocks advanced, while 147 retreated. 

The MSCI Tadawul Index increased, up 0.54 points, or 0.04 percent, to close at 1,467.06. 

The Kingdom’s parallel market Nomu lost 85.41 points, or 0.36 percent, to close at 23,357.50. This comes as 19 of the listed stocks advanced, while 46 retreated. 

The best-performing stock was Tourism Enterprise Co., with its share price surging by 10 percent to SR13.53. 

Other top performers included Al Yamamah Steel Industries Co., which saw its share price rise by 8.64 percent to SR39.22, and Anaam International Holding Group, which saw a 4.05 percent increase to SR12.59. 

Alramz Real Estate Co. saw its share price rising by 3.95 percent to close at SR61.85, while Umm Al Qura for Development and Construction Co. closed at SR18.08, marking a 3.67 percent increase in share price. 

On the downside, the worst performer of the day was Saudi Industrial Export Co., whose share price fell by 3.72 percent to SR2.59. 

ACWA Power Co. saw its share price fall 3.54 percent to SR177.20, while Naseej International Trading Co. declined 3.08 percent to SR29.56. 

Moreover, the share price of Rabigh Refining and Petrochemical Co. dropped 2.95 percent to close at SR6.57, while Nice One Beauty Digital Marketing Co. saw its share price dropping 2.65 percent to SR17.97. 

On the announcement front, Alinma Capital has declared a cash dividend distribution totaling SR6.55 million for unitholders of the Alinma Saudi Government Sukuk ETF Fund.  

The dividend, covering the period from July to December 2025, amounts to SR0.162 per unit and represents approximately 1.56 percent of the fund’s net asset value as of Jan. 15, 2026.  

Its share price closed at SR10.42 on the main market, marking a 0.10 percent increase. 

Also, Itmam Consultancy Co. has been awarded a significant project by the Digital Government Authority to develop digital investment skills within the public sector.  

The contract, officially granted on Jan. 19, is valued at more than 5 percent of the company’s total 2024 revenue.  

According to a statement, the program aims to equip government employees with the expertise needed to enhance digital government investment efficiency, focusing on software license development aligned with legal and technical standards.  

Its share price remained unchanged on NOMU at SR16.40.