The MoU was signed on Tuesday by the Kingdom's Ministry of Investment, with the aim of developing investment in these cutting-edge technologies.

The Ministry of Investment has hailed the MoU as a major milestone in shaping the future of innovation in Saudi Arabia.

With this agreement, the Kingdom is set to witness significant investment in the automotive manufacturing and autonomous vehicle technology sectors, which will contribute to the country's Vision 2030 goals of diversifying its economy and creating new job opportunities.

Rigel, a leading provider of advanced technology solutions, and Clevon, a specialist in autonomous driving technology, will work together to develop and implement innovative solutions in the automotive manufacturing and autonomous vehicle technology sectors in Saudi Arabia.

The two companies bring a wealth of expertise and experience to the project, which will enable the Kingdom to make great strides in these critical areas.

The partnership between Rigel and Clevon, along with the support of the Ministry of Investment, is expected to lead to the development of new and innovative technologies, as well as the creation of new job opportunities for Saudi nationals.

Moreover, the MoU is expected to help the Kingdom achieve its goal of becoming a leading player in the global automotive manufacturing and autonomous vehicle technology sectors.

In conclusion, the signing of the MoU between Saudi Arabia's Ministry of Investment, Rigel, and Clevon is a significant step towards advancing the Kingdom's innovation efforts in the automotive manufacturing and autonomous vehicle technology sectors.

With the expertise and experience of the two companies, and the support of the Ministry of Investment, Saudi Arabia is well-positioned to become a leader in these critical areas and achieve its Vision 2030 goals.