The global automotive industry is undergoing unprecedented transformations, driven by advancements in electric vehicles, artificial intelligence, and the Internet of Things.
As competition intensifies among major players like China, the U.S., and Germany,
Saudi Arabia Car Manufacturing is preparing to enter the scene with full force by building a local industrial base aimed at producing 300,000 cars annually by 2030.
Saudi Arabia is no longer just an importer of cars; instead, it is actively working to localize car manufacturing and boost investment in this vital sector.
With strong government support under Vision 2030 , the automotive industry is becoming one of the key drivers for economic diversification, job creation, and reducing reliance on imports.
Learn more about Saudi Arabia’s Vision 2030 here: Official Vision 2030 Website.
Saudi Arabia at the Heart of the Global Automotive Industry
Global automotive market size : $3.56 trillion in 2023 (Statista Market Insights).
Saudi Arabia currently imports over 1 million vehicles annually (Trading Economics Data).
Top producers globally : China, the U.S., Japan, Germany, and France (OICA Global Production Statistics).
Rising demand : The Middle East’s demand for cars is expected to rise significantly by 2030 (McKinsey Future of Mobility Report).
These figures confirm that Saudi Arabia has a golden opportunity to become a key hub for car production in the region,
which has prompted the Kingdom to take bold steps toward achieving industrial self-sufficiency.
Key Government Projects and Initiatives
Local car manufacturers : Saudi Arabia is actively working on developing its own car production capabilities,
leveraging cutting-edge technologies and partnerships with global leaders.
Lucid Factory in Jeddah : A $3.4 billion investment to establish an electric vehicle plant with a capacity of 155,000 cars annually.
For more details, visit Lucid Motors Official Website.
Introduction of “Ceer” brand : The first Saudi electric vehicle brand, backed by the Public Investment Fund (PIF), aiming to produce 170,000 vehicles annually by 2030.
Discover more about Ceer EVs here: Ceer Official Website.
NEOM Industrial City : A future-focused industrial hub designed to attract global automotive manufacturers and develop smart transportation technologies. Explore NEOM’s vision at NEOM Official Website.
Why is Automotive Investment a Strategic Choice for Saudi Arabia?
Massive government incentives : From tax exemptions to financial grants, the Saudi government is committed to supporting the growth of the automotive sector.
Read more about Saudi Arabia’s industrial incentives: Saudi Authority for Industrial Cities and Technology Zones (MODON).
Strategic location : Saudi Arabia serves as a gateway to emerging markets in the Middle East and Africa, making it an ideal export base.
Advanced infrastructure : The Kingdom has invested heavily in major industrial cities like King Abdullah Economic City and Jubail Industrial City ,
providing state-of-the-art manufacturing facilities. Learn more about these industrial hubs: KAEC Official Website and Jubail Industrial City Website.
Job opportunities : Thousands of job opportunities for Saudi youth in engineering, manufacturing, and maintenance, contributing to the Kingdom’s goal of empowering its workforce.
📌 Saudi Arabia is no longer just a consumer market for cars—it is now a key player in their production!
How IPIC Can Help You Invest in Saudi Arabia Car Manufacturing Sector
If you’re looking to invest in the industrial sector in Saudi Arabia, IPIC is your go-to destination. We offer the complete infrastructure and expertise to make your investment smooth and profitable. Our team specializes in identifying the right opportunities, conducting feasibility studies, and preparing comprehensive project plans to ensure your success in this dynamic market.
Contact us today to learn more about how we can assist you in entering the Saudi automotive industry.
IPIC – Your Companion in Industrial Transformation Journey
