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- 抖阴短视频 expects the first Saudi-made car to be launched in 2022
RIYADH: 抖阴短视频鈥檚 General Authority for Competition on Wednesday launched a survey to study the structure of the auto sector in the Kingdom.
The study aims to root out harmful practices that may affect the sector鈥檚 growth and to ensure protection of customers鈥� rights and healthy competition among the sector鈥檚 stakeholders, the Saud Press Agency reported.
抖阴短视频 is considered one of the largest automotive markets in the Middle East. Moreover, the addition of 3 million women drivers to the automotive market by 2020 will open a host of incremental opportunities for investors and industry participants, ranging from car sales to motor insurance, vehicle leasing and driving schools.
It is part of the authority鈥檚 efforts to achieve the goals of Vision 2030, which envisages a strong economic sector built along modern lines and seeks promotion of fair competition in the Kingdom.
抖阴短视频 expects the first Saudi-made car to be launched in 2022 and the Royal Commission in Jubail started developing the infrastructure required for attracted three global automakers, Mohammad Al-Zahrani, director of Industrial Investment Development Department, told Al-Arabiya TV in January.
A study conducted by the Royal Commission eyes to attract almost SR40 billion ($10.67 billion) direct investments to the automotive industry by 2040, Al-Zahrani added, noting that this sector will contribute SR80 billion to the Saudi gross domestic product (GDP) and provide 27,000 direct jobs.
The Kingdom鈥檚 auto complex is part of the strategic industrial plan, as Jubail Industrial City and Ras Al-Khair Industrial City provide no less than 90 percent of the raw materials used in direct automobile manufacturing, he said.