Money and business

300 thousand vehicles .. talks with China to localize the auto industry in Saudi Arabia


Visit Professor Bandar bin Ibrahim Al -Kharf, Mint Cars Industrial Establishments in Shanghai, China." Cars in Saudi Arabia , in order to achieve the targets of the Kingdom’s vision 2030.

production of 300 thousand vehicles annually and discussed the autumn meeting with the group officials that are active in of aluminum and plastic for major international brands, joint opportunities to integrate aluminum and petrochemical products produced in the Kingdom within the manufacture of car cutting at the company. The Kingdom’s pursuit framework for producing 300 thousand vehicles annually by 2030, where the group’s expansion plans are compatible with the Kingdom’s vision to develop comprehensive supply chains for the auto industry. Petrochemical to support the manufacture of auto parts and parts. The pioneers of its global industry have been attracted to embrace giant industrial facilities for the auto industry and its parts, including Lucid Motors, Mercedes-Benz, Issuzu, and facilities under construction and development, such as Hyundai and CEER factories, which creates an increasing demand for car parts and components.

a comprehensive system To enhance the auto industry < /h2> The Kingdom has strategic advantages that qualify it to attract qualitative investments in car manufacturing, such as its geographical location that facilitates access to various regional and global markets, competitive energy costs, and specialized industrial communities such as King Salman Auto Industry Complex in King Abdullah Economic City. Manufacturers, international suppliers. For the Saudi industry, with the aim of developing the manufacturing industries that enhance the value chains of the mineral resources that the Kingdom is full of (9.4) trillion Saudi riyals. The Saudi industrial sector is an accelerated progress and advanced infrastructure, which enhances the construction of strategic partnerships with global auto manufacturers, where the Saudi Industrial Cities and Technical Cities provides factories with global standards that constitute an attractive environment for industrial production with high efficiency. Global standards that facilitate the effective exports of auto parts exports to the global and regional markets. The Kingdom’s commitment to building strategic industrial partnerships that contribute to promoting industrial development and stimulating economic growth. To localize integrated value chains, create quality functions and enhance the research and innovation system in the automotive industry. Sustainable.

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