Foxconn Interconnect Technology Ltd. has partnered with Saleh Suleiman Alrajhi & Sons to create a joint venture aimed at developing electric vehicle charging infrastructure in Saudi Arabia, supported by strategic advice from Global Connectivity Capital Investment.

Information on the Target

Foxconn Interconnect Technology Ltd. (FIT), headquartered in Taiwan, is a leading manufacturer of electronic components with a significant presence in the global market. Established as a key player in the consumer electronics sector, FIT specializes in the production of connectors and has recently expanded its operations to include cutting-edge technologies such as 5G AIoT and electric vehicles.

In collaboration with Saleh Suleiman Alrajhi & Sons, a well-respected family business in Saudi Arabia, FIT aims to enhance the local manufacturing capabilities for electric vehicle (EV) charging infrastructure. This joint venture signifies a commitment to fostering innovation and sustainability within the Kingdom.

Industry Overview in Saudi Arabia

Saudi Arabia is undergoing a transformative shift towards renewable energy and sustainable technology solutions, aligning with the nation's Vision 2030 initiative. This vision emphasizes the diversification of the e