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The Kingdom accelerates automotive sector localization
Saudi Arabia’s automotive sector localization is fast on track as part of the government’s efforts to achieve its Vision 2030 targets, according to a senior official. At the Saudi-American Business Council seminar, Aftab Ahmed, a senior adviser to the Kingdom’s National Center for Industrial Development in the automotive sector, underscored the rapid transition toward domestic production of passenger vehicles and parts. He stated that this effort aligns with the ambitious objectives outlined in the National Industrial Strategy under Saudi Vision 2030, the Saudi Press Agency reported. The council, in collaboration with the NCID, recently hosted a virtual seminar on the future of the Kingdom’s automotive sector. Over 100 industry leaders from Saudi Arabia and the US convened to discuss various aspects of the sector, including government initiatives, investment standards, and operational experiences within the Kingdom. The event facilitated the exchange of insights and opportunities in this rapidly evolving field.