On November 19, the United States and Saudi Arabia agreed to intensify their engagement on trade issues of mutual interest, including in areas related to reducing non-tariff barriers, recognition of standards, and improving the investment environment. 
The United States and Saudi Arabia recently signed an agreement t

On September 28, multiple sources reported that the Minister of Industry and Mineral Resources, Saudi Arabia, during his visit to Shanghai, met with the officials of Minth Group to discuss cooperation in automotive supply chain development. They also discussed industrial cooperation and transferring technologies for

On August 29, the Minister of Investment, Saudi Arabia, in a social media post, announced that he met with the Chairman of Chery Automobile, who shared the company's strategies for global expansion and the smart technologies it employs. The Minister also toured their factory and R&D centre.
The minister also visited 

On July 23, the General Transport Authority of Saudi Arabia launched the initial implementation phase of autonomous vehicles in Riyadh, the capital. This is a qualitative step aimed at empowering technology and expanding the implementation and development of a smart and safe system for the Kingdom's transport sector.

On June 19, BAIC Foton announced that its subsidiary Foton International Trade has signed a four-party memorandum with the Saudi Ministry of Investment, the Saudi National Industrial Development Center, and Petromin, a well-known Saudi company, to jointly build a localized commercial vehicle manufacturing plant in Sa

On May 5, Abdul Latif Jameel Motors, the authorized distributor of Toyota vehicles in Saudi Arabia, along with Toyota Motor Corporation, participated in the second hydrogen fuel cell bus trial across Makkah, led by the Royal Commission for Makkah City and Holy Sites and the Ministry of Energy, Saudi Arabia.
Abdul Lat

On February 7, the Public Investment Fund (PIF) announced “King Salman Automotive Cluster" as the official name of the cluster for automotive manufacturing activities, located within King Abdullah Economic City (KAEC).
It will play a key role in Saudi Arabia’s economic diversification, boosting the automotive sector

On February 3, multiple sources reported that the Saudi Minister of Industry and Mineral Resources met with the senior Indian ministers and heads of major Indian companies in New Delhi. He discussed about investment partnership between Saudi Arabia and India. 
Saudi Arabia is working towards localization of the autom

On January 7, the Ministry of Industry and Mineral Resources, Saudi Arabia, in a social media post, announced that Lucid Motors has joined the "Made in Saudi" program. This follows the launch of its first international manufacturing plant in Saudi Arabia in September, 2023.
Multiple sources reported that Lucid is the

On October 24, the Transport General Authority (TGA), Abdullah Hashim Industrial Gases & Equipment (AHG), Abdul Latif Jameel Motors and Toyota Motor Corporation (TMC) announced the launch of a seven-day trial for the Toyota Mirai, an advanced hydrogen-powered fuel cell electric vehicle (FCEV), as part of a taxi fleet

On September 7, multiple sources reported that the Minister of Industry and Mineral Resources, Saudi Arabia met with officials from Foton Motor. They discussed strategies to improve collaboration in vehicle manufacturing and boost the local production of buses, trucks, and light-duty vehicles within Saudi Arabia. He

On September 6, multiple sources reported that Saudi Industry and Mineral Resources met with several Chinese lithium and copper mining companies. He discussed the processing and production of lithium, which is used in electric vehicle batteries, and the processing and refining of copper. He also discussed Saudi Arabi

On August 31, multiple sources reported that the Minister of Industry and Mineral Resources, Saudi Arabia will start a tour of China and Singapore from September 1 to 8, 2024.
He will meet with senior government officials and leading global companies in the automotive, automation, and technology solution sectors, and

On August 15, the General Authority of Roads in Saudi Arabia introduced the Saudi Road Code, which sets clear standards for smart infrastructure to support self-driving vehicles.
The Road Code sets standards for installing smart communication devices on both sides of the road that interact with vehicles through an ad

On August 5, Lucid Group, Inc. announced that the Public Investment Fund (PIF) committed USD 1.5 billion to the group. Ayar Third Investment Company, an affiliate of PIF, will purchase USD 750 million of convertible preferred stock via private placement, and provide for a USD 750 million unsecured delayed draw term l

On March 18, Huawei Cloud announced that the Saudi Arabian government presented the digital development vision, preferential industry policies, and investment opportunities to attract Chinese and global enterprises at the Huawei Cloud Automotive Forum during LEAP Summit 2024 in Saudi Arabia. 
The country aims to stim

On February 6, the Minister of Industry and Mineral Resources, Saudi Arabia announced the establishment of the Automotive Manufacturers Association to provide solutions for developing and growing the sector while protecting the interests of manufacturers and scientists involved in it.
He also launched the National Au

On February 8, TASARU Mobility Investments announced its binding agreement to invest in Recogni. This investment aligns with Saudi Arabia's Vision2030.
Tasaru Mobility Investments is an investment company by the Public Investment Fund (PIF). It is focused on developing local supply chain capabilities for the automoti

On November 12, a joint venture called “Electric Vehicle Infrastructure Company (EVIQ)” was created by the Public Investment Fund (PIF) and Saudi Electricity Company (SEC).
Headquartered in Riyadh, it aims to enhance the Kingdom’s automotive ecosystem, through building a strong fast-charging network.  
It will build

On November 6, multiple sources reported that South Korea’s Heerim Architects & Planners had won the architectural design contract for Hyundai Motor Company’s upcoming plant in Saudi Arabia. The plant will be located in the King Abdullah Economic City. The plant is a joint venture between the Saudi sovereign wealth f