EVIQ Launches State-of-the-Art R&D Facility for Electric Vehicle Chargers in Saudi Arabia

The new facility will be used for testing a spectrum of chargers and software. SPA
The new facility will be used for testing a spectrum of chargers and software. SPA
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EVIQ Launches State-of-the-Art R&D Facility for Electric Vehicle Chargers in Saudi Arabia

The new facility will be used for testing a spectrum of chargers and software. SPA
The new facility will be used for testing a spectrum of chargers and software. SPA

EVIQ, the Electric Vehicle Infrastructure Company, a newly launched joint venture between the Public Investment Fund (PIF) and the Saudi Electricity Company (SEC), said on Sunday it opened a research and development (R&D) facility in Riyadh that is a first-of-its-kind in the region.

The new facility will be used for testing a spectrum of chargers and software, to ensure the deployment of best-in-class equipment and related software, reinforcing EVIQ's commitment to quality, efficiency, and driving the evolution in the EV sector across the Kingdom of Saudi Arabia, said an EVIQ statement.

It will also give EV drivers in Saudi Arabia the confidence that EVIQ chargers have been thoroughly tested to the highest quality and safety standards for operating in Saudi Arabia.

"The launch of our R&D facility is a testament to our commitment to quality and sustainable development of the Kingdom’s EV infrastructure. Our state-of-the-art facility ensures that EVIQ remains at the cutting-edge of EV charging solution development, bringing users the optimal charging experience, and ensuring that every EV driver in Saudi Arabia has access to reliable and efficient charging solutions,” said EVIQ CEO Mohammad Bakr Gazzaz.

“This facility is a cornerstone in our strategy to support the Kingdom’s Vision 2030. By focusing on top-quality charger deployment and ensuring compatibility with a range of EVs, we are paving the way for the growth of a sustainable and advanced EV ecosystem in Saudi Arabia, further supporting the wider Saudi objectives.”
According to the statement, the new R&D facility plays a crucial role in EVIQ's mission to "deliver the highest quality EV charging solutions by thoroughly testing various types of chargers".

The facility is not just a testament to EVIQ's commitment to innovation, but also a significant step toward enhancing charger efficiency, reliability and compatibility, said the statement, adding that it serves as a hub for developing the expertise and knowledge in charger technology that will support the evolving needs of the electric vehicle market in Saudi Arabia.

The statement added that in alignment with Saudi Arabia's sustainability goals, "EVIQ is on track to deploy 5,000 chargers across 1,000 strategic locations by 2030. This ambitious plan highlights EVIQ's dedication to catalyzing the EV ecosystem in Saudi Arabia, heralding a new era of sustainable mobility".



Egypt Increased Gas, Oil Production in Q3 of 2024

Egyptian Petroleum Minister Karim Badawi speaks at an event hosted by the American Chamber of Commerce in Cairo. (Egyptian Ministry of Petroleum)
Egyptian Petroleum Minister Karim Badawi speaks at an event hosted by the American Chamber of Commerce in Cairo. (Egyptian Ministry of Petroleum)
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Egypt Increased Gas, Oil Production in Q3 of 2024

Egyptian Petroleum Minister Karim Badawi speaks at an event hosted by the American Chamber of Commerce in Cairo. (Egyptian Ministry of Petroleum)
Egyptian Petroleum Minister Karim Badawi speaks at an event hosted by the American Chamber of Commerce in Cairo. (Egyptian Ministry of Petroleum)

Egypt’s Petroleum Minister Karim Badawi announced that his country had increased gas production between July and October 2024, with an extra 200 million cubic feet of gas and 39,000 barrels of crude oil per day.

Speaking at an American Chamber of Commerce event in Cairo, Badawi said the Ministry's strategy to address challenges and speed up development, production, and exploration is showing positive results, with early indicators confirming this progress.

Badawi explained that the Ministry is working to attract more investments in the oil and gas sector, both local and international, to meet domestic demand and reduce import costs.

He also noted efforts to regularly settle payments to foreign partners, offer incentives to boost production, and implement pricing reforms, as well as creating new investment opportunities and working with global partners to cut production costs.

Key developments include the resumption of drilling next month at the Zohr gas field, with two new wells expected to add 220 million cubic feet of gas per day. Gas production at the Raven field in the Mediterranean will also be accelerated in January 2025 with additional investment from BP.

Shell has completed the installation of two new wells in the West Delta, with a third set to follow next month. Agiba Petroleum is speeding up work in the Western Desert, and Apache Corporation is helping to increase gas production in the area.

Looking ahead, Badawi outlined plans to further accelerate production and exploration and improve refining capacity, especially at the expanded Midor refinery.