McLaren Racing has announced a long-term partnership in its electric division with Neom, the city project funded by Saudi Arabia’s Public Investment Fund.
McLaren is due to enter Formula E later this season while it made its debut in Extreme E earlier this year.
Neom is the eco-city under construction in the Tabuk region of North West Saudi Arabia.
It has previously been a principal partner of Mercedes’ Formula E team, the operation which McLaren is taking over in the championship.
McLaren last year announced a $758m equity investment with much of the money originating from Saudi Arabia’s PIF, which became a minority stakeholder.
“We are delighted to welcome NEOM to the McLaren Racing family,” said McLaren CEO Zak Brown.
“This is an incredible way to kick off our entry into Formula E and to unify our electric racing series.”
Saudi Arabia has become increasingly prominent in sport in recent years, including in motorsport.
Jeddah and Diriyah host grands prix and E-Prix respectively while Aramco is a title partner of Formula 1 and Aston Martin Formula 1.
The level of professionalism and commitment from Saudi Arabia towards hosting and attracting this sport is fascinating. I can’t wait to witness further entertainment and racing events in Saudi Arabia.