The Ministry of Investment signed a four-party memorandumof understanding(MoU) with the Industrial Center, China’s Foton Motor, and Petromin to explore the establishment of an integrated commercial vehicle manufacturing plant in Saudi Arabia.
In a post on its official account on X, the ministry said the agreement aims to enhance the localization of vehicle manufacturingand to enhance local contentin the sector. 
The Ministry of Investment signed a four-party memorandumof understanding(MoU) with the Industrial Center, China’s Foton Motor, and Petromin to explore the establishment of an integrated commercial vehicle manufacturing plant in Saudi Arabia.
In a post on its official account on X, the ministry said the agreement aims to enhance the localization of vehicle manufacturingand to enhance local contentin the sector.
