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VHO’s chairman Sultan bin Sulayem says: “Together we hope to spur the development of the regional technology and transportation infrastructure for a connected Gulf.”
The announcement follows findings released by VHO and King Abdullah Economic City on the feasibility of creating a VHO Centre of Excellence, which will include a full-speed testing track and a manufacturing facility.
VHO says the centre will support the tech sector by incorporating advances in robotics and artificial intelligence while also generating a $4 billion increase in Saudi Arabia’s GDP by 2030.
In 2017, VHO began working in the kingdom by welcoming a group of Saudi students from the MiSK Foundation to its Los Angeles Innovation Campus.