Jazan Chamber Establishes Modern Vehicle Factory with Chinese Company

The Jazan Chamber of Commerce and Industry signed a cooperation agreement with Chinese company Xincheng Jiao Technology to set up a modern and advanced vehicle factory in the Kingdom of Saudi Arabia, with investments estimated at approximately €10 billion over a period of 15 years.

 The agreement aims to enhance industrial cooperation between Saudi Arabia and China and support the move towards localizing the modern vehicle industry in Saudi Arabia, in line with the objectives of Saudi Vision 2030.