American car manufacturers GM, Chrysler and Ford are seriously studying proposals to set up their plants in Saudi Arabia.
The new assurance came following a meeting of the Saudi-American Business Council in Detroit when the US side said it would press on the car manufacturers in invest in the Saudi market.
During the Detroit meeting, the Saudi side gave a detailed presentation on the incentives offered by the Kingdom to foreign investors, especially in Yanbu automobile complex.
Nabil Al-Husin, a member of the National Committee for Car Representatives at the Council of Saudi Chambers and regional director for the Western Province for Tawkilat Al Jazeerah (Ford representative in Saudi Arabia), said Ford has been seriously studying establishing production lines in the Saudi local market for more than a year now.
"Ford was reluctant at the beginning because of the long procedures for setting up projects, but it has changed its views because of the emerging circumstances," he said.
"There are incentives that attract industries to set up business in Saudi Arabia, like the available natural resources that go into car production," he said.
Arab News
30 June
