Saudi-based Waja Company has announced plans to set up a new venture in Egypt, dedicated to producing and manufacturing electric cars. The initiative will take place via a new partnership with the Arab Organisation for Industrialisation in the Republic of Egypt. A leading Saudi business entity with interests in construction, contracting and technology, Waja Company said it has recently signed a framework co-operation agreement with the Egyptian group. In its filing to the Saudi bourse, Tadawul, Waja Company explained that the partnership represents a step towards enhancing the company’s strategic goals as a leader in multiple industry sectors, with a strong presence at the vanguard of the
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