Saudi National Automotive Manufacturing Company

The Saudi National Automotive Manufacturing Company (SNAM; Arabic: الشركة الوطنية السعودية لصناعة السيارات) is a Saudi Arabian automotive manufacturing venture and the first project of its kind for assembling and manufacturing cars in the Kingdom. It is based in Jubail Industrial City and is intended to support one of the goals of Saudi Vision 2030 by localizing high-return industries for the national economy. The first phase of the project is valued at SAR 300 million. SNAM is described as the largest and first project of its kind in Saudi Arabia. Work on the project had been underway for some time, but the COVID-19 pandemic delayed its launch procedures. The factory's assembly area covers 84,000 square meters, and together with the testing area it reaches 120,000 square meters, with the aim of reaching an annual production capacity of 30,000 vehicles. The project's requirements were defined at the end of 2018. In 2019, a cooperation agreement was signed with the Korean company SsangYong to establish the factory. The foundation stone was laid on 26 January 2022. SNAM's stated objectives include producing a car under an international brand manufacturing license; making a car with a local brand based on an international brand; establishing and developing local suppliers of auto parts in Saudi Arabia; localizing the industry through international training and education; and transferring technology and establishing automotive research and development centers locally.

The Saudi National Automotive Manufacturing Company (SNAM) is the first project for assembling and manufacturing cars in the Kingdom of Saudi Arabia. It contributes to achieving one of the goals of Saudi Vision 2030 by supporting and localizing industries with a high return for the national economy. The first phase of the project is valued at SAR 300 million. SNAM is the largest and first project of its kind in Saudi Arabia. It is located in Jubail Industrial City. Work on the project had been underway for some time, but the COVID-19 pandemic delayed its launch procedures. The factory's assembly area covers 84,000 square meters, and together with the testing area it reaches 120,000 square meters, with the aim of reaching an annual production capacity of 30,000 vehicles. The project's requirements were defined at the end of 2018. In 2019, a cooperation agreement was signed with the Korean company SsangYong to establish the factory. The foundation stone was laid on 26 January 2022. The company's objectives include producing a car under an international brand manufacturing license; making a car with a local brand based on an international brand; establishing and developing local suppliers of auto parts in Saudi Arabia; localizing the industry through international training and education; and transferring technology and establishing automotive research and development centers locally.

• 2022

  Foundation stone laid on 26 January 2022.

• 2019

  Cooperation agreement signed with the Korean company SsangYong to establish the factory.

• 2018

  Project requirements defined at the end of 2018.

Saudi Arabia's first national automotive assembly and manufacturing project, aligned with Saudi Vision 2030.

Product categories. Automobiles · Vehicle assembly

1. 1الشركة الوطنية السعودية لصناعة السياراتar.wikipedia.org
2. 2Saudi National Automotive Manufacturing Companywikidata.org