NEOM, the sustainable regional development project in northwest Saudi Arabia, is making a significant investment of $100 million through the NEOM Investment Fund (NIF) in Pony.ai, a global leader in autonomous driving technology. This strategic partnership aims to develop cutting-edge autonomous technology solutions for NEOM and the MENA region.

1. Joint Venture for Autonomous Solutions:

. NEOM and Pony.ai are forming a joint venture to advance autonomous driving services, develop advanced vehicles, and establish smart vehicle infrastructure in NEOM and key MENA markets.

2. State-of-the-Art Manufacturing Facility:

. The joint venture includes plans for a state-of-the-art autonomous vehicle manufacturing and research facility within NEOM, leveraging the region's strategic advantages.

3. Sustainable Transportation Vision:

. NEOM envisions a sustainable transport system powered by 100% renewable energy, making it an ideal testing ground for autonomous land, sea, and air transportation solutions.

4. Future Commuter and Travel Experience:

. The investment in Pony.ai aligns with NEOM's goal of creating a smart, zero-emission, autonomous multi-modal transport system for a safer, more convenient, and sustainable travel experience.

5. Pony.ai's Expertise:

. Pony.ai has a track record of operating fully driverless vehicles and holds licenses for all four Tier-1 Cities in China (Beijing, Guangzhou, Shanghai, and Shenzhen).