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Saudi Arabia Considers Starting Homegrown Electric-Car Maker

  • Boston Consulting Group among firms advising on the project
  • Shift toward electric cars driving massive investment frenzy
Updated on

Saudi Arabia has hired advisers including Boston Consulting Group to explore establishing its own domestic electric-car maker, according to people familiar with the matter.

The project is linked to existing plans to build up automotive infrastructure in the country and boost local manufacturing, said the people, who asked not to be identified because the deliberations aren’t public.