Al-Othaim Investment, EVIQ ink a deal to support clean energy in their commercial complexes

In a step that reinforces its orientation towards supporting clean and sustainable energy in the Kingdom, Al-Othaim Investment Company signed a cooperation agreement with the Electric Vehicle Infrastructure Co. (EVIQ) to provide electric charging stations for cars in malls and the company’s existing and future projects in various regions of the Kingdom.

The agreement was signed by Al-Othaim Investment Group CEO, Mishal bin Omairah, and Mohammed Bakr Qazzaz, CEO of EVIQ.

This agreement comes within the framework of Al-Othaim Investment Company’s commitment to support the Kingdom’s 2030 vision to transition towards green Saudi Arabia, which aims to increase reliance on renewable energy. Under this deal, EVIQ will design, construct and operate electric car charging stations in all malls and projects affiliated with Al Othaim Investment Company. This step is an important achievement in the company’s journey towards enhancing the sustainability of its projects, as it contributes to providing the service in an easy and innovative way to users of electric cars, and providing an environmentally friendly environment for local communities.

Commenting on this agreement, Mr. Mishal bin Omairah, CEO of the company, said: “At Al-Othaim Investment Company, we believe in the importance of sustainability and supporting the Kingdom’s 2030 vision to transform towards a green Saudi Arabia, and that is why we signed this agreement to represent an important step in our journey towards enhancing the sustainability of our projects, as it will contribute to providing Advanced infrastructure for electric cars in the Kingdom. He added: “We are confident that this agreement will contribute to encouraging the use of electric cars, which will enhance the creation of a healthier and more sustainable environment in the Kingdom. It also confirms the company’s keenness to adopt the latest technologies and advanced solutions in its projects.” This agreement represents a model of cooperative and fruitful partnership between various sectors in the Kingdom of Saudi Arabia, which contributes to achieving sustainable development goals and promoting a healthy environment. It is noteworthy that Al-Othaim’s move to invest in providing charging stations for electric cars comes within an integrated plan to use and provide clean energy in its various companies and projects. Believing in its importance in improving the quality of life and promoting sustainability.

It is noteworthy that Al-Othaim Investment, which was included in the list of the best 50 real estate developers in the Gulf for the year 2023, owns (12) commercial complexes in addition to a portfolio of investment projects under implementation that includes 23 projects distributed across the regions and cities of the Kingdom with investments exceeding 12 billion riyals, and a number of them fall under it. Companies operating in the fields of (major commercial complexes, hotels, real estate investment, entertainment, cinema, fashion, restaurants and cafes, artificial intelligence, sports centers, residential units, commercial offices, etc.).