China's Foton mulls commercial vehicle plant in Saudi Arabia
The Ministry of Investment signed a four-party memorandum of understanding (MoU) with the Industrial Center, China's Foton Motor, and Petromin to explore the establishment of an integrated commercial vehicle manufacturing plant in Saudi Arabia.
In a post on its official account on X, the ministry said the agreement aims to enhance the localization of vehicle manufacturing and to enhance local content in the sector.
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