logo-en
  • Home
  • Companies
  • Investors
  • Opportunities
    • Home
    • SME Loans
  • 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

Stride Ventures expands to GCC with flagship Fund
MUBASHER
Saudi Arabia ranks first globally in 2025 ICT Development Index
MUBASHER.SA
QIA co-leads $250mn funding round for Kardium Inc
MUBASHER
PIF’s SURJ Sports Investments in talks to invest in T100 Triathlon
MUBASHER.SA
KAPSARC unveils new corporate identity
MUBASHER.SA

Related News

Investor News
Calendar Icon
Jun 24, 2025
Najran Investment Forum 2025 set to launch with SAR 639 mn opportunities
Read More
Investor News
Calendar Icon
Jun 23, 2025
PARAGON Developments launches Riyadh office to strengthen footprint in MENA
Read More
Investor News
Calendar Icon
Jun 19, 2025
Kneron joins RELOCATE initiative, secures grant from Saudi Arabia
Read More
Investor News
Calendar Icon
Jun 19, 2025
AsiaFIN expands into Saudi Arabia, pacts with government financial institution
Read More
Investor News
Calendar Icon
Jun 19, 2025
JINGDONG Logistics launches express delivery service in Saudi Arabia
Read More
Investor News
Calendar Icon
Jun 18, 2025
GymNation opens Riyadh headquarters to expand GCC footprint
Read More
Investor News
Calendar Icon
Jun 18, 2025
Gulf Warehousing establishes new subsidiary in Saudi Arabia
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
  • Opportunities
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher