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Saudi Arabia develops auto sector
The article discusses Saudi Arabia's plan to establish a national automotive industry by building an integrated industrial ecosystem that includes vehicle manufacturing, localization of components, and the development of supply chains and research and development. The goal is to strengthen the sector and achieve a contribution of up to 92 billion riyals to the gross domestic product by 2035. The King Salman International Car Manufacturing Complex in King Abdullah Economic City is highlighted as a key element supporting this transformation by bringing together companies and projects within a single industrial zone. The sector is progressing along three main tracks: manufacturing electric vehicles, attracting global companies, and developing a local supplier base, with an aim to reach 45% local content by 2034, increase exports, and realize significant economic benefits such as creating jobs and improving the trade balance.
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