Money and business

Saudi Arabia welcomes the assembly of Russian luxury “Urus” cars locally


The Minister of Industry and Mineral Resources, Bandar Al -Khar, expressed the interest of Saudi Arabia gathering cars "Eurus" The luxury Russian in the Kingdom, according to an interview with the agency "Tas" Russian News. "We will welcome any production that wants to come to Saudi Arabia. We target the manufacture of more than 300,000 cars annually in the Kingdom, approximately 40% of the market. That is why we welcome any brand that comes and produces its own products and is home locally."

TAS stated that the development of The auto industry is a very important matter for Saudi Arabia. "It is part of our industrial strategy, and I am pleased to declare that we are able to switch from the largest importer of car without local production to a country that has four factories under construction."

Public Investment Fund and company " Hyundai Motor" Korean, on laying the foundation stone for the first integrated factory of the company in the Kingdom, in the King Salman Automobile Complex, in a move that embodies the Kingdom’s commitment to achieving the target of Vision 2030, and moving forward in the path of diversification of the economy and localization of advanced industries. And electric cars.

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