Lucid Motors Earns “Made in Saudi” Status: A Milestone for KSA's EV Industry
SAUDI ARABIA : Lucid Motors became the first car manufacturer to feature the “Made in Saudi” logo, marking a major step in Saudi Arabia’s journey to becoming a global electric vehicle hub.
KEY TAKEAWAYS
What significant milestone has Lucid Motors achieved in Saudi Arabia?
Lucid Motors has become the first car manufacturer to feature the "Made in Saudi" logo.How does Lucid Motors contribute to Saudi Arabia's goal of becoming a global EV hub?
Lucid Motors plays a key role in developing a robust automotive ecosystem in the Kingdom by producing world-class electric vehicles with Saudi expertise.- Lucid Motors joins the “Made in Saudi” program, showcasing its EVs with the prestigious logo.
- First automotive OEM in Saudi Arabia to earn this recognition.
- Strengthens KSA’s push toward an advanced EV manufacturing ecosystem.
- Aligns with Saudi Arabia’s National Industrial Strategy and Vision 2030 goals.
Lucid Motors has made history as the first car manufacturer to join the “Made in Saudi” program, a national initiative symbolizing quality and innovation. This achievement reflects Saudi Arabia’s commitment to positioning itself as a leader in the electric vehicle (EV) industry, boosting local manufacturing and driving economic growth.
Lucid’s Role in Saudi Arabia’s EV Vision
Lucid Motors’ inclusion in the “Made in Saudi” program is more than a badge of honor. It symbolizes Saudi Arabia’s strategic transformation into a global EV hub. By producing world-class electric vehicles with Saudi expertise, Lucid plays a key role in developing a robust automotive ecosystem in the Kingdom. Some of their key contributions include:
- Enhancing local content and non-oil exports.
- Supporting knowledge transfer to strengthen the local workforce.
- Establishing Saudi Arabia as a production hub for future industries.
National Industrial Strategy Alignment
Minister of Industry and Mineral Resources Bandar Alkhorayef highlighted that Lucid’s achievement aligns perfectly with the National Industrial Strategy, which focuses on empowering advanced industries and attracting top-tier investments. Lucid’s presence in the Kingdom is a testament to the success of these initiatives, supported by:
- Modern infrastructure tailored for EV manufacturing.
- Attractive incentives for global investors.
- A skilled workforce prepared for high-tech industries.
Benefits of “Made in Saudi” Inclusion
Lucid’s participation in the program brings numerous advantages to Saudi Arabia’s industrial sector:
- Boosting the appeal of Saudi products: The “Made in Saudi” logo enhances trust and quality perception for Lucid’s EVs globally.
- Driving local and foreign investments: The recognition encourages investment in the Saudi industrial sector.
- Promoting economic sustainability: By supporting non-oil exports, the program strengthens the Kingdom’s move toward a diversified economy.
- Global expansion for local companies: The initiative helps Saudi companies, like Lucid, expand their footprint in international markets.
Lucid Motors’ inclusion in the “Made in Saudi” program represents a pivotal moment in Saudi Arabia’s industrial journey. It underscores the Kingdom’s commitment to innovation, sustainability, and economic diversification. As Saudi Arabia continues to establish itself as a global hub for electric vehicles, Lucid stands as a beacon of progress, leading the charge toward a future driven by premium technology and world-class manufacturing.
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