Royal Commission in Jubail aims to attract 3 global automakers, expects first Saudi-made car in 2022

15/01/2021 Argaam

An automobile plant

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 authority eyes to attract almost SAR 40 billion direct investments to the automotive industry by 2040, Al-Zahrani added, noting that this sector will contribute SAR 80 billion to the 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% of the raw materials used in direct automobile manufacturing, he concluded.

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