Saudi Arabia studies proposals from car parts manufacturers

Saudi Arabia is studying proposals by local and international companies to manufacture car parts in the Kingdom, Al-Eqtisadiah reported.

The firms expressed interest to enter the Saudi car parts market for the offered advantages to the sector’s investors.

More details will be revealed should these requests reach advanced stages.

According to data compiled by Argaam, the Ministry of Energy, Industries and Mineral Resources said recently the Kingdom is currently developing a car manufacturing city and will incentivize investors and provide the required raw material for this Auto cluster.