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Saudi, Korean industry ministers sign MoU to expand industrial cooperation

Saudi, Korean industry ministers sign MoU to expand industrial cooperation
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Saudi Arabia's 160 vehicle plants reshaping the Kingdom's industry

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 ....

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Saudi SNAM to produce 10,000 cars by 2023, CEO confirms

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Saudi SNAM to produce 10,000 cars by 2023, CEO confirms

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 ....

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