The first city for electric cars in the Middle East will be built by Kuwait

 

Kuwait said on Sunday that it plans to establish the first city to serve electric car manufacturers in the Middle East.

A press release issued by the Kuwait Ports Corporation quoted its general manager, Sheikh Yousef Al-Abdullah Al-Sabah, as saying that the project will be proposed for design and construction during the current fiscal year 2021-2022.

The statement did not specify at which location in Kuwait the city, which will be called the "City of Electric Vehicles", will be built, according to "Reuters".

The Director General said: "The Kuwait Ports Corporation is able to provide all appropriate port and logistical services to major companies around the world, including manufacturers of electric cars."

He pointed out that the leading companies in the field of electric cars operate with a different commercial system in direct selling through their electronic platforms, without relying on a local agent or distributor.

He explained that the proposal is in line with the Ports Corporation's development of its strategic plan for the coming years, regionally and globally, and in line with Kuwait's 2035 vision, and transforming it into a financial and commercial center that attracts investment.

The Kuwait Ports Corporation announced, last week, that it plans to establish logistic cities to support local trade and attract foreign investments.

The Kuwait News Agency (KUNA) quoted the Director General of the Foundation as saying that these cities will be established on lands that have recently been recovered by court rulings, adding: “The area of ​​these lands is about two million square meters, and we have presented these projects to some international design offices to be logistic cities. A mission that supports e-commerce, which has become the primary medium for buying and selling various products and commodities.

Sheikh Youssef Al-Sabah explained that these cities will work to find logistical solutions at competitive prices for all foreign companies that wish to store their goods regionally in the State of Kuwait, which will attract foreign investment and achieve economic growth, as well as diversify the country's sources of income and increase goods and merchandise.

The Kuwait Ports Corporation has achieved record net profits during the last six years, exceeding 56 million Kuwaiti dinars (186 million dollars), with a profit growth of 400%.