{"id":39177,"date":"2023-01-26T10:23:40","date_gmt":"2023-01-26T07:23:40","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=39177"},"modified":"2026-03-28T02:36:08","modified_gmt":"2026-03-27T23:36:08","slug":"canoo-announces-definitive-partnership-agreement-with-gcc-olayan-as-exclusive-distributor-of-its-electric-vehicles-in-saudi-arabia","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/canoo-announces-definitive-partnership-agreement-with-gcc-olayan-as-exclusive-distributor-of-its-electric-vehicles-in-saudi-arabia\/","title":{"rendered":"<strong>Canoo Announces Definitive Partnership Agreement with GCC Olayan as Exclusive Distributor of its Electric Vehicles in Saudi Arabia\u00a0<\/strong>"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Riyadh, Saudi Arabia \u2013 26 January 2023<\/strong>:\u00a0<a href=\"https:\/\/www.canoo.com\/\">Canoo<\/a>\u00a0(NASDAQ: GOEV), a high-tech advanced mobility company, today signed an exclusive agreement with \u201c<a href=\"https:\/\/www.gcc-saudi.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">GCC Olayan<\/a>\u00a0(General Contracting Company)\u00a0a leading multi-national subsidiary of Olayan Saudi Holding Company (OSHCO), for sale, service and distribution of\u00a0\u00a0Canoo fleet solutions In Saudi Arabia.\u00a0GCC Olayan has been a distributer of premier brands in Saudi Arabia for more than 75 years and is the founding company of the global Olayan Group.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The first phase of the agreement is for the sale, distribution, service maintenance and repair of Canoo vehicles. Additionally, Canoo and GCC Olayan will also work to develop a joint venture to launch a digital vehicle ecosystem for service maintenance repair, local assembly and eventually manufacturing.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;It has been an honor to work with the Olayan group companies over many years. Our agreement to bring Canoo\u2019s award-winning vehicles to the region is grounded in our mutual commitment to customer service. The Olayan Group is a global business leader with decades of experience in distribution partnerships with some of the world\u2019s leading brands and they are a proven partner to support EVs in the region,\u201d said&nbsp;<strong>Tony Aquila<\/strong>,&nbsp;<strong>Chairman &amp; CEO at Canoo<\/strong>.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Canoo vehicles are built on the company\u2019s proprietary multi-purpose platform (MPP) architecture that integrates all high-tech components such as the motors, battery module and other critical driving components. Engineered with true steer-by-wire technology, Canoo vehicles have reduced moving parts and cabin intrusion, resulting in more usable interior space, better driver ergonomics and the addition of a panoramic window to improve road visibility. The modular design also facilitates the ability to localize the offering and provides for a scalable local manufacturing approach.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/01\/Olayan-GCC-Olayan-x-Canoo-Event-Group-Photo_ssict_1200_799.webp\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/01\/Olayan-GCC-Olayan-x-Canoo-Event-Group-Photo_ssict_1200_799-1024x682.webp\" alt=\"Olayan - GCC Olayan x Canoo Event - Group Photo_ssict_1200_799\" class=\"wp-image-39179\" srcset=\"https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/01\/Olayan-GCC-Olayan-x-Canoo-Event-Group-Photo_ssict_1200_799-1024x682.webp 1024w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/01\/Olayan-GCC-Olayan-x-Canoo-Event-Group-Photo_ssict_1200_799-300x200.webp 300w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/01\/Olayan-GCC-Olayan-x-Canoo-Event-Group-Photo_ssict_1200_799-768x511.webp 768w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/01\/Olayan-GCC-Olayan-x-Canoo-Event-Group-Photo_ssict_1200_799-1080x719.webp 1080w, https:\/\/saudishopper.com.sa\/en\/wp-content\/uploads\/2023\/01\/Olayan-GCC-Olayan-x-Canoo-Event-Group-Photo_ssict_1200_799.webp 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Uwaidh K. Al-Harethi<\/strong>,&nbsp;<strong>CEO of Olayan Saudi Holding Company (OSHCO)<\/strong>, commented: \u201cThrough our diverse operating companies including GCC Olayan, we have introduced many leading international brands, products and services in Saudi Arabia. An unswerving commitment to excellence and&nbsp;in-depth knowledge of the local market&nbsp;are the mainstay of our continuing success and strong track record. We recognize that there is a growing demand for sustainable mobility solutions in Saudi Arabia, partly driven by the Kingdom\u2019s launch of the Saudi Green Initiative and its pledge to achieve net zero by 2060. With that in mind, we are pleased to sign the product and service distribution agreement with Canoo and are proud to be the exclusive distributor of its electric vehicles in our market. The new partnership will combine GCC Olayan\u2019s over 75 years of experience in the automotive and adjacent sectors with Canoo\u2019s innovative electric vehicle technology to cater to this need in the market and contribute to global efforts to tackle carbon emissions as well as to Saudi Vision 2030\u2019s sustainability goals.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Since 1947, GCC Olayan has been one of the pioneers in transforming the Saudi market in various industries and representing many well-recognized global brands in heavy, medium and light vehicles, construction equipment, oil and gas, power generation and other various sectors, all of which have contributed to the development of the Kingdom\u2019s infrastructure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Under Saudi Arabia\u2019s Vision 2030, the Kingdom has set an ambitious course for electric vehicle adoption and sustainable mobility solutions. Canoo\u2019s award-winning vehicles and advanced mobility digital solutions will uniquely address the market for purpose-built vehicles to meet fleet needs, in the industrial, transportation, delivery, tourism, retail sectors, and beyond.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Riyadh, Saudi Arabia \u2013 26 January 2023:\u00a0Canoo\u00a0(NASDAQ: GOEV), a high-tech advanced mobility company, today signed an exclusive agreement with \u201cGCC Olayan\u00a0(General Contracting Company)\u00a0a leading multi-national subsidiary of Olayan Saudi Holding Company (OSHCO), for sale, service and distribution of\u00a0\u00a0Canoo fleet solutions In Saudi Arabia.\u00a0GCC Olayan has been a distributer of premier brands in Saudi Arabia for [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":39178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":26,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[26],"tags":[],"class_list":["post-39177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - 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