Saudi Arabia's EV localization impacts 2.4B
Two companies, "Al-Mohtawa Al-Mahali" (Local Content) and "Seer," have signed two agreements to promote local manufacturing in Saudi Arabia, with the aim of creating 30,000 jobs by 2034. The agreements include supporting and developing local industries, contributing to reducing reliance on imports and strengthening national production capabilities. This initiative is part of the Kingdom's efforts to grow the industrial sector, enhance employment opportunities, and localize skills.
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