Riyadh - Sharikat Mubasher: TASARU Supplier Hub, an automotive supplier complex recently launched by TASARU Mobility Investments, signed multiple development lease agreements during the PIF Private Sector Forum 2026 to develop manufacturing facilities at MASARAT Mobility Park, the premier destination for automotive and mobility industries in the Kingdom.
The facilities will host global Tier-1 automotive suppliers serving original equipment manufacturers (OEMs), such as Ceer and Lucid Motors, the company announced in a press release today.
Through this partnership, MASARAT Mobility Park will provide an integrated, investment-ready industrial environment designed to support advanced manufacturing operations, streamline supplier setup, and enable efficient logistics and operational connectivity.
Tienie Ferreira, CEO of MASARAT Mobility Park, stated that the agreements represent a strategic step in advancing the park as a purpose-built platform for automotive manufacturing. “Partnering with TASARU Supplier Hub accelerates the localization of critical suppliers, strengthens supply-chain readiness, and supports the growth of a competitive automotive ecosystem within KAEC.”
For his part, Abdulaziz Almutairi, CEO of TASARU Supplier Hub, said: “TASARU Supplier Hub is designed to translate industrial ambition into execution. By onboarding Tier-1 global suppliers within an investment-ready platform, we advance local content, enable faster time-to-production, and deepen private-sector participation, directly supporting Vision 2030’s objectives for a competitive, export-capable automotive supply chain.”
The partnership between TASARU Supplier Hub and MASARAT Mobility Park supports the localization of manufacturing capabilities, advances economic diversification, creates high-value jobs, and strengthens Saudi Arabia’s position as a regional and global hub for the automotive and mobility industries.
TASARU Supplier Hub is strategically located in King Salman Automotive Cluster within the Special Economic Zone in King Abdullah Economic City (KAEC). It is designed to support the development of next-generation vehicles and strengthen the national automotive ecosystem, aligning directly with Vision 2030.