Riyadh – Mubasher: Saudi Arabia will begin establishing a car manufacturing city in the coming period, along with providing a slew of advantages and incentives for investors, the Ministry of Energy, Industry and Mineral Resources said.

The oil-rich kingdom has a raft of raw materials that will help in building this city, including aluminum, liquefied aluminum, rubber, and plastics, the ministry added in a Twitter post.

This procedure will contribute to increasing Saudi and foreign investments in the auto manufacturing sector, in addition to raising exports and reducing imports.

The ministry gave no further details on the project's timeframe or its cost.

Source: Mubasher

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