23 Hrs
Source:
الاقتصادية
Saudi Arabia's auto sector outlook for 2026
The article focuses on the development of the automotive and mobility sector in Saudi Arabia during the current year. It highlights the significant investments made by the Public Investment Fund and its subsidiaries to localize the automobile industry and enhance domestic industrial capabilities. The sector saw the launch of King Salman Automotive City in Jeddah, along with investments in companies such as Lucid, SIR, and Hyundai, which will begin production soon and plan to manufacture hundreds of thousands of vehicles by 2029. Additionally, the Kingdom is working on expanding the electric vehicle charging network and developing an integrated infrastructure to promote sustainable mobility and localize supply chains primarily. These efforts are part of its strategy to achieve substantial growth in the automotive industry and smart mobility, outlined in the 2026-2030 plan.
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