Here are some reasons to join
1- Currently there are no Lithium Ion battery production units in any GCC countries. 2- Saudi vision 2030 is that 30% of all cars on the road need to be EVs by 2030 3- Saudi has invested in a Li-Ion materials plant. So we would be able to source some of the materials locally. Should be online Q1 2024
4- GCC countries have trade agreement so our batteries will be duty free to all GCC and most Arab countries 5- Saudi Arabia will invest $266B in clean energy so that is an opportunity for storage
6- Saudi Arabia own 65% of Lucid (EV car company) and they will open a factory in Saudi Arabia where they mentioned in the article they want car battery companies to open in Saudi.
I can keep going. All that I’m saying is that there is an opportunity and even without any distinct advantages the demand for Li-Ion batteries will outstrip supply by magnitudes in the coming few years as we steer towards EVs and Clean energy.