Saudi, Korean industry ministers sign MoU to expand industrial cooperation arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
RIYADH: For an economy that has benefited so much from the rise of the oil-reliant automobile industry, it might be expected that Saudi Arabia would want to maintain the status quo. This could not be further from the truth, and the Kingdom is showing that like so many aspects of the global economy, it wants to be at the front and center of the new reality. Just look at the 160
RIYADH: The Saudi National Automotive Manufacturing Co., or SNAM, will produce 10,000 cars by 2023, CEO Fahad Al-Duhaish said in an interview. Also president of the Kingdom's first carmaker, Al-Duhaish confirmed laying the foundation stone for the first car assembly plant in Jubail Industrial City in Saudi Arabia. The assembly plant along with the testing area will reach