Chinese firm to set up Saudi car assembly plant

Chinese firm to set up Saudi car assembly plant
Updated 20 July 2014

Chinese firm to set up Saudi car assembly plant

Chinese firm to set up Saudi car assembly plant

A well-known Chinese car maker is studying the possibility of establishing a car assembly plant in the Kingdom through a Saudi-Chinese partnership, local media said quoting an expert.
The car plant is intended to supply the local market with Chinese cars, spare parts and create new job opportunities for young Saudis, General Manager of BYD Chinese Cars in Saudi markets Ibrahim Qahtan was quoted by Al-Eqtisadiah daily.
He stated that the BYD automaker has planned to set up a car assembly plant in partnership with the sole BYD car agent in the Kingdom. He gave no details on the subject as studies have not yet been completed.
The Regional Director of BYD brand in the Middle East said the company currently retains four car assembly plants in the region (Iraq, Egypt, Sudan, and Ethiopia), which will form the basis for their company to develop and expand in the region.
The above remarks come on the sidelines of the opening of the first BYD car show, recently launched by Chinese Consul General in Jeddah Anwar Habibullah.
Qahtan said the BYD car company had expanded the production of electric cars, which are currently available in the Chinese and European markets.
However, the absence of appropriate infrastructure for electric cars delayed the entry of cars in the Kingdom but as soon as the infrastructure is available, the cars will be imported immediately, he said.
On the future of the Chinese cars in the Saudi market, he said the Chinese cars will not only enter the Saudi market but spread into all world countries for a number of reasons, notably advanced technology and competitive prices where their prices in the Saudi markets will range from SR30,000 and SR75,000 for the best performance cars of this type.