The two sides explored ways to strengthen industrial cooperation and expand promising investment opportunities to localize the automotive industry in the Kingdom
Minister of Industry and Mineral Resources Bandar Alkhorayef held a meeting today at the ministry’s headquarters with Chinese company BYD Founder and Chairman Wang Chuanfu to discuss cooperation in automotive manufacturing and the transfer of advanced vehicle technologies to the Kingdom. 
The two sides explored ways to strengthen industrial cooperation and expand promising investment opportunities to localize the automotive industry in the Kingdom, with particular focus on electric vehicle manufacturing to meet growing domestic demand and reinforce Saudi Arabia’s position as a leading regional and global hub for automotive production, state-run news agency SPA reported.
Discussions also delved into the incentives and enablers offered to investors in high-value industries, including the automotive sector, as well as the Kingdom’s significant investments in electric vehicle charging infrastructure.
The two sides explored ways to strengthen industrial cooperation and expand promising investment opportunities to localize the automotive industry in the Kingdom
Minister of Industry and Mineral Resources Bandar Alkhorayef held a meeting today at the ministry’s headquarters with Chinese company BYD Founder and Chairman Wang Chuanfu to discuss cooperation in automotive manufacturing and the transfer of advanced vehicle technologies to the Kingdom.
The two sides explored ways to strengthen industrial cooperation and expand promising investment opportunities to localize the automotive industry in the Kingdom, with particular focus on electric vehicle manufacturing to meet growing domestic demand and reinforce Saudi Arabia’s position as a leading regional and global hub for automotive production, state-run news agency SPA reported.
Discussions also delved into the incentives and enablers offered to investors in high-value industries, including the automotive sector, as well as the Kingdom’s significant investments in electric vehicle charging infrastructure.
