PR83167

NEOM, Saudi Arabia and LONDON, March 4, 2020 /PRNewswire=KYODO JBN/ --

- Mercedes-Benz EQ Formula E Team signs long-term partnership with NEOM

- Engineering and software development opportunities for Saudi nationals are a

core part of the agreement

- Enduring partnership to focus on sport, sustainability and mobility of the

future, and on fostering young talent

NEOM Company (NEOM) and Mercedes-Benz Formula E Limited signed a long-term

partnership agreement making NEOM a team partner of the Mercedes EQ Formula E

team. The partnership begins a multi-season relationship with the Mercedes-Benz

EQ Formula E Team with NEOM as a new Principal Partner. It offers opportunities

for knowledge transfer and for further education and training in the Kingdom of

Saudi Arabia. The development of young racing drivers is also a key element.

The partnership will provide secondment and development opportunities for

selected Saudi nationals, who work closely with the racing team and further

qualify as engineers and software developers.

NEOM will also be the principal and founding partner to the Mercedes-Benz EQ FE

Driver Development Programme, which will start in early 2021, for talented

junior drivers. The aim is to discover and bring on young talent who could make

the step up to Formula E within the next few years.

Commenting on the partnership, Nadhmi Al-Nasr, CEO of NEOM, said: "We are

delighted to partner with Mercedes-Benz EQ Formula E team. We are always open

to develop partnerships in which innovation is seen as the key to creating a

sustainable future. We encourage everyone to think of NEOM as a living

laboratory where they can experiment and develop new technologies in

collaboration with us and others. We are excited to be working with

Mercedes-Benz EQ Formula E Team."

Toto Wolff , Head of Mercedes-Benz Motorsport, added: "We consider our

involvement in motorsport as critical in pioneering innovation, and we look

forward to developing this collaboration with our new partner, NEOM. With our

involvement in Formula E, we have committed ourselves to raising the profile of

future mobility and to driving forward the development of sustainable

innovations - both in terms of technology and also the mentoring of talented

young people who will make a significant contribution in this regard."

Jan Paterson, Managing Director of Sport at NEOM, said: "We have been highly

impressed with the team culture and values during our discussions. This is a

significant partnership that provides for extensive collaboration between the

Mercedes-Benz EQ Formula E Team and NEOM within the global sporting landscape.

In the short-term, we are excited to support the team in the coming seasons and

look forward to when we can host our first race in NEOM."

Team Principal Mercedes-Benz EQ Formula E team, Ian James, said: "Formula E is

more than just an exciting form of motorsport. Within the very short time span

of five years, the all-electric racing series has established itself as a

pioneer for technological innovation, sustainability and electric mobility; all

of which are central topics for our future. We look forward to exploring these

new opportunities with NEOM over the coming years."

For further information visit NEOM.com.

Photo -

https://mma.prnewswire.com/media/1099325/Mercedes_Benz_EQ_Formula_E_Team.jpg

Source: NEOM