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Tesla Announces Upcoming Saudi Arabia Debut On April 10

The company is expanding its Gulf footprint despite recent sales declines in Europe and China.

Published

2 years ago

March 26, 2025

tesla announces upcoming saudi arabia debut on april 10

Tesla is expanding operations further across the Middle East with an upcoming move into Saudi Arabia. The company shared the news of the April 10 Riyadh debut on its website, hinting at a showcase of its latest innovations but leaving out key details about when its vehicles and energy products will be available for purchase.

“Explore our global bestselling lineup and step into a world powered by solar energy, sustained by batteries, and driven by electric vehicles. Experience the future of autonomous driving with Cybercab, and meet Optimus, our humanoid robot, as we showcase what’s next in AI and robotics,” Tesla stated in its announcement.

The Saudi launch comes at a time when Tesla is grappling with declining EV sales in key markets. Data from the European Automobile Manufacturers Association (ACEA) shows that Tesla’s European sales have dropped by 42.6% this year. In China, the company’s February sales of locally produced EVs fell by 49.2% year-over-year to 30,688 units — the lowest monthly figure since August 2022.

Beyond sales struggles, Tesla has also faced political backlash in the U.S. Protests erupted after CEO Elon Musk took on an advisory role in the administration of former U.S. President Donald Trump and supported sweeping federal government budget cuts.

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Tesla’s presence in the Gulf region isn’t new: The company has operated in the UAE since 2017 and also has a dealership in Qatar. The Saudi launch follows another recent international push — Tesla signed a lease to open its first showroom in Mumbai as part of its strategy to enter the Indian market.

Saudi Arabia’s interest in Tesla aligns with the Kingdom’s broader push toward sustainability and economic diversification away from oil. The country aims to transition 30% of Riyadh’s vehicles to electric by 2030, contributing to a broader goal of reducing the capital’s emissions by 50%.

Saudi Arabia is also investing heavily in its own EV industry, with companies like CEER, Foxconn, and Lucid Motors playing key roles in its domestic manufacturing ambitions. The country’s sovereign wealth fund holds a majority stake in Lucid Group, positioning the startup as a potential Tesla rival in the years to come.

Related Topics:Automotive Saudi Arabia Tesla

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NEOPAY Wants To Follow Merchants Across Channels And Borders

A controlling 65% stake in noon payments would give NEOPAY access to marketplace sellers, online merchants and the payment flows they generate.

Published

1 day ago

October 5, 2026

Nour Nasir

neopay wants to follow merchants across channels and borders

It’s been a long time since checkouts were single defined places. A merchant might take payments at a physical register, on its own website and through an online marketplace, sometimes in more than one country. NEOPAY wants to follow those transactions wherever they happen.

The UAE payments company has entered into an agreement to acquire a 65% controlling stake in noon payments. NEOPAY already runs the acquiring infrastructure that lets merchants accept card payments, along with omnichannel acceptance and a merchant services platform. This new deal would add noon payments’ embedded payments platform, e-commerce gateway and merchant network across the UAE, Saudi Arabia and Egypt. That would considerably expand both NEOPAY’s digital commerce capabilities and its regional reach.

For merchants, the attraction is a single provider for online and in-store payments, plus faster settlements, data and analytics, and value-added financial services.

“Payments should be simple, reliable, and built for the markets they serve,” said Faraz Khalid, CEO of noon. His counterpart at NEOPAY, Vibhor Mundhada, added: “We have built a strong payments business in the UAE, and our ambition is now to take that capability across the region”. The acquisition, Mundhada added, would “expand our footprint into Saudi Arabia and Egypt” while reinforcing NEOPAY’s position at home.

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NEOPAY is also keen to point out potential payment volume increases. The company says noon payments’ integrations with marketplace sellers and online merchants create high transaction density in some of the region’s fastest-growing digital commerce segments. It also believes control of the business would give it access to those merchant relationships and payment flows, and speed up the rollout of alternative payment methods and installment options.

The combined roadmap targets faster merchant onboarding, better payment performance, tighter fraud controls and embedded financial services. The deal could also strengthen cross-border payments and settlement along key regional commerce corridors.