logo-en
  • Home
  • Companies
  • Investors
    • Home
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. Lucid Motors joins ‘Made in Saudi’ program

Lucid Motors joins ‘Made in Saudi’ program

NOHA.GAD
Jan 8, 2025
Lucid Motors became the first global automotive manufacturing company to join the 'Made in Saudi' program

Riyadh - Sharikat Mubasher: Lucid Motors, the global manufacturer of electric vehicles (EV), joined the ‘Made in Saudi’ program, earning the right to use the ‘Made in Saudi’ logo on its products as a symbol of quality, excellence, and customer trust.

This milestone makes Lucid Motors the first global automotive manufacturing company to join the ‘Made in Saudi’ program.

In a statement, Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef affirmed that this step represents a strong push to enhance the image of the national industry and attract investments and global companies, which consolidates the Kingdom’s position as a global center for innovative manufacturing.

He noted that Lucid’s participation in the program underscores the Kingdom’s strategic transformation toward creating a fully integrated electric vehicle manufacturing ecosystem.

Launched in 2021, the ‘Made in Saudi’ program is a National Industrial Development and Logistics Program (NIDLP) initiative led by the Saudi Export Development Authority (Saudi Exports) that aims to help local businesses grow by encouraging local consumers to buy more locally made products and helping businesses increase their exports to priority markets.

Under one unified brand, the program brings significant opportunities for businesses to expand their reach and promote their products domestically and globally. 

Tags

Saudi Arabia
Made in Saudi
EV
National Industrial Development and Logistics Program
Share

Attract clients with your ad

Start Now

Trending

Outliers unveils 2026 Fellowship to develop Saudi startup talent
MUBASHER.SA
Lean Technologies, Ziina execute first Open Finance payments in UAE
MUBASHER
Haala Energy, Trinasolar sign solar projects deal at WFES 2026
MUBASHER.SA
Lucid to start manufacturing EVs in Saudi Arabia in 2026
MUBASHER.SA
Jadwa Investment launches SAR 750m GCC-focused private credit fund
MUBASHER.SA

Related News

Investor News
Calendar Icon
Jan 14, 2026
PIF consolidates $12bn gaming stakes under Savvy Games Group
Read More
Investor News
Calendar Icon
Jan 14, 2026
Canada’s OpenText opens new office in Riyadh
Read More
Investor News
Calendar Icon
Jan 13, 2026
18 Japanese companies open regional headquarters in Riyadh
Read More
Investor News
Calendar Icon
Jan 6, 2026
Red Sea Global, Bunat Ventures launch AI Fund in Saudi Arabia
Read More
Investor News
Calendar Icon
Jan 4, 2026
Saudi VC Market sets new records with 254 deals in 2025
Read More
Investor News
Calendar Icon
Jan 4, 2026
Alamar Foods buys Five Guys operator Cravia Arabia for SAR 85 mn
Read More
Investor News
Calendar Icon
Jan 1, 2026
PIF tops global dealmaking in 2025 with $36.2bn investment
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher