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Saudi SNAM Company to produce 10,000 cars by 2023

Saudi Snam Company to produce 10,000 cars by 2023

Dr. Fahad Al-Duhaish, the CEO of SNAM Automotive Industry, said in an interview with “Al Arabiya” that laying the foundation stone for Saudi Arabia’s first passenger car plant is part of Vision 2030’s goal of localizing knowledge-based and multi-content businesses like cars.

Work on this project has been ongoing for some time, according to Al-Duhaish, but the pandemic caused significant delays.

He emphasized that the foundation stone for the Kingdom’s first vehicle assembly factory was placed today in the Plaskem region of the Jubail Industrial City.

He explained that the assembly factory will cover 84,000 square meters and the testing area will be 120,000 square meters, to produce 30,000 automobiles per year.

He estimated that it would take two or three years to attain the goal capacity.

The first production in quantities of between 5 and 10 thousand cars is envisaged in the second half of 2023.

According to him, the first phase will create 700 direct jobs, while the factory will create 300.

He stated that the first phase of the project will result in the localization of half of the jobs, with the first phase costing SAR 300 million .

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