Electric Vehicle Infrastructure Company (EVIQ)

The Electric Vehicle Infrastructure Company (EVIQ) is a joint-venture company between the Public Investment Fund (PIF) & Saudi Electricity Company (SEC), at a 75:25 ownership ratio. Headquartered in Riyadh, the company is focused on supporting EV adoption in the Saudi market by building best-in-class infrastructure and creating a nationwide network of fast-charging hubs for electric vehicles around the Kingdom.

The company takes on the responsibility of enabling a solid EV eco-system in Saudi. Through collaboration with a variety of public & private players in the market, EVIQ will establish the foundation for a robust EV infrastructure that will increase confidence among the Saudi community in the ownership & use of EV’s. This will lead to growth in EV adoption and use, making this sector more attractive for private investors to participate in.