In a recent partnership between Lucid Motors and Saudi Arabia, the American EV manufacturer became the first global company to enroll in the Kingdom’s “Made in Saudi” program, which aims to strengthen the country’s growing industrial sector.

This strategic push to attract FDI and global players into Saudi Arabia’s industrial sector is expected to triple the sector’s contribution to the GDP, reaching approximately 20% by 2025. Through this partnership, Lucid Motors will gain the right to use the “Saudi Made” label on its EV offerings, serving as a symbol of the Kingdom’s commitment to innovation that transcends borders.

The Lucid Motors partnership highlights Saudi Arabia’s focused efforts to boost non-oil sectors such as manufacturing and logistics, driving growth in an increasingly sustainable global economy.

The Minister elaborated on the partnership with Lucid Motors, emphasizing that the company’s involvement in the Kingdom’s “Made in Saudi” program will pave the way for significant innovation and research opportunities. This partnership positions Saudi Arabia’s industrial sector as a key driver of progress in the region.

The deal between Lucid Motors and Saudi Arabia builds on establishing the Californian EV maker’s manufacturing plant in King Abdullah Economic City, launched in September 2023. This facility marks a significant milestone as the Kingdom’s first automotive manufacturing plant, further solidifying Saudi Arabia’s push to diversify its industrial base.

Currently, the Lucid Motors facility in Saudi Arabia produces 5,000 electric vehicles (EVs) annually. However, once fully operational, the plant is expected to ramp up production to 155,000 EVs annually. Global partnerships like this play a crucial role in supporting the Kingdom’s ambitious net-zero emissions target by 2060 while also integrating EV adoption into the broader objectives of Vision 2030.