Arab News, Sunday, Jan 17, 2021 | Jamadi Al Thani 4, 1442
Jubail aims to build the first Saudi-made car by 2022
Saudi Arabia: The Royal Commission in Jubail started
developing the infrastructure required for attracting three global automakers,
Mohammad Al-Zahrani, Director of Industrial Investment Development Department
told Al-Arabiya TV, expecting the first Saudi-made car in 2022.
The move comes in coordination with South Korea’s SsangYong Motor Co. through
setting up a car assembly center. Engineering designs are in advanced stages,
Al-Zahrani said.
The study conducted by the Royal Commission eyes to attract almost SR40 billion
($10.67 billion) direct investments to the automotive industry by 2040, Al-Zahrani
added, noting that this sector will contribute SR80 billion to the Saudi Gross
Domestic Product (GDP) and provide 27,000 direct jobs.
The Kingdom’s auto complex is part of the strategic industrial plan, as Jubail
Industrial City and Ras Al-Khair Industrial City provide no less than 90 percent
of the raw materials used in direct automobile manufacturing, he concluded.