Sources: The establishment of factories for the production of cars and spare parts in the Kingdom is awaiting the approval of the official authorities

Sources: The establishment of factories for the production of cars and spare parts in the Kingdom is awaiting the approval of the official authorities

Sources: The establishment of factories for the production of cars and spare parts in the Kingdom is awaiting the approval of the official authorities

The national program for industrial clusters seeks to introduce the Kingdom to the field of manufacturing cars and their spare parts, as it held extensive meetings with international and local companies; To establish factories for the production of cars in the Kingdom.

Sources said, according to Al-Eqtisadiah, that the program is studying options, including the establishment of factories for the production of tires, parts and spare parts.

The National Program for Industrial Clusters signed a letter of intent agreement for the auto industry project with Jaguar Motors Company, to produce 50,000 cars annually for the global and local markets, with an investment size of 4.5 billion riyals in its first phase, and production is expected to start by 2017.

It is worth noting that the national program for the development of industrial clusters agreed with the Japanese company Sanko to exchange experiences in the field of manufacturing auto parts, while the Minister of Energy, Eng. Khalid Al-Falih, met earlier with a number of heads of Japanese car companies to discuss the localization of the auto industry in the Kingdom.

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