KAEC's Industrial Valley hosts 12 carmakers, auto service providers: CEO

Majid Matbouly, CEO of the Industrial Valley and Special Economic Zone at King Abdullah Economic City (KAEC)

Majid Matbouly, CEO of the Industrial Valley and Special Economic Zone at King Abdullah Economic City (KAEC), said the Industrial Valley hosts six factories for car manufacturing and assembly, along with six companies offering automotive logistics, Al Eqtisadiah newspaper reported.

Further, KAEC is home to 115 local and international investors operating in key sectors, such as automotive, pharmaceuticals, packaging, logistics services, building materials, and consumer goods, Matbouly said.

He added that the Industrial Valley and the Special Economic Zone together house approximately 48 factories, with total investments reaching SAR 12 billion.

There are other investors in the Special Economic Zone having investments of more than SAR 15 billion, including the National Automotive Co. (Ceer), Lucid Motors, Hyundai Motor, and the automotive logistics company Park Masarat.