International. Advanced mobility company Canoo signed an exclusive agreement with general contracting company GCC Olayan, a multinational subsidiary of Olayan Saudi Holding Company (OSHCO), for the sale, service and distribution of Canoo fleet solutions in Saudi Arabia.
GCC Olayan has been a premier brand distributor in Saudi Arabia for over 75 years and is the founding company of the global Olayan Group.
The first phase of the agreement is for the sale, distribution, maintenance service and repair of Canoo vehicles.
Canoo and GCC Olayan will work to develop a joint venture to launch a digital vehicle ecosystem for service maintenance repair, local assembly and eventually manufacturing.
"It has been an honor to work with the companies of the Olayan Group for many years. Our agreement to bring Canoo's award-winning vehicles to the region is based on our mutual commitment to customer service," said Canoo President and CEO Tony Aquila.
"The Olayan Group is a global business leader with decades of experience in distribution partnerships with some of the world's leading brands and is a proven partner in supporting electric vehicles in the region," said Aquila.
Canoo notes that its vehicles are built on the company's proprietary multipurpose platform architecture (MPP) that integrates all high-tech components, such as engines, battery module and other critical driving components.
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