Saudi is developing a world class automotive industry to be a major regional player supplying the growing market demand. GCC, ME, and Africa are among the strongest growth markets globally (+23% forecasted in the next 5 Years). In 2016 imports to GCC reached 152 billion SR. Saudi continues to be the biggest market in the region (800k vehicles/year) all are imports. A world class Auto City is being developed providing advantages and cost savings for investors in the sector. Additionally key materials (Aluminium sheet, liquid aluminium, rubbers, plastics, etc.) are available competitively for investors.
Light Vehicle Manufacturing Plant producing 75K/annum vehicles at steady state.