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

BlueFive closes $3bn Onyx Fund I to back innovative businesses
MUBASHER
Qureos raises $5mn seed round to develop AI capabilities
MUBASHER
Qatar’s PayLater pursues new credit facility through Shorooq partnership
MUBASHER
MMC closes SAR 5 mn funding round to launch media investment operations
MUBASHER.SA
Kingdom inaugurates its Heavy Equipment Connect Forum at Dhahran Expo
MUBASHER.SA

Related News

Investor News
Calendar Icon
Feb 3, 2026
Siemens opens new office in Saudi Arabia to accelerate digital transformation
Read More
Investor News
Calendar Icon
Feb 2, 2026
Qatar expands QIA Fund of Funds Program to $3bn
Read More
Investor News
Calendar Icon
Jan 25, 2026
Farnaud: European investments in Saudi Arabia set to multiply within 5 years
Read More
Investor News
Calendar Icon
Jan 22, 2026
Deloitte expands its Cloud Center of Excellence in Saudi Arabia
Read More
Investor News
Calendar Icon
Jan 21, 2026
OpenCX secures $7mn, gears up to expand in Saudi Arabia
Read More
Investor News
Calendar Icon
Jan 20, 2026
India’s Tata Consultancy establishes new subsidiary in Riyadh
Read More
Investor News
Calendar Icon
Jan 18, 2026
Mott MacDonald opens new office in Riyadh to strengthen operations
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