building local capabilities, attracting cutting-edge technology, and creating highly skilled jobs inSaudi Arabia'sautomotive and mobility sectors. PIF's investments are also localizing automotive component manufacturing inSaudi Arabia, further strengthening the ...
building local capabilities, attracting cutting-edge technology, and creating highly skilled jobs inSaudi Arabia'sautomotive and mobility sectors. PIF's investments are also localizing automotive component manufacturing inSaudi Arabia, further strength...
The joint venture also underscores PIF’s efforts to create national and regional champions, building local capabilities, attracting cutting-edge technology, and creating highly skilled jobs in Saudi Arabia’s automotive and mobility sectors. PIF’s investments are also localizing automotive component manu...
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The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA) COVID-19 Impact on the Market - Since the outbreak of COVID-19, the world economy continues to suffer from a series of destabilizing shocks, many companies experienced bankruptcy and a sharp ...
On October 28, the Government of Egypt announced that China's BAIC Company and Alkan Auto Company, part of the Egyptian International Automotive Group, will establish an electric car manufacturing plant in Egypt. The partnership will create approximately 1,200 jobs. ...
The site, located in Industrial Valley (IV) in close proximity to King Abdullah Port in KAEC, will cover over 1 million square meters. Once complete, Ceer’s manufacturing facility will create thousands of direct and indirect high-skilled jobs, the majority of which will be ...
requirements are new provisions that weren’t in NAFTA. The expected impact of the USMCA is that more auto parts and materials will be sourced within North America and the United States. For economic developers in the United States, this likely means more investment and jobs in the auto...
2021, ZF announced a USD 200 million investment in commercial vehicle transmission manufacturing to cater to the increased demand in North America. Beginning in 2023, ZF will manufacture its PowerLine 8-speed automatic transmission in Gray Court, South Carolina, creating 500 jobs in the United ...
and Roermond are included in this acquisition. This proposed deal aims to help both companies achieve their long-term strategic objectives. By doing so, they intend to safeguard the operations and jobs of skilled employees in these two plants and associated technology centers, all while generating ...