Saudi Arabia and Stellantis Investigate Local Vehicle Production

Written by Emily J. Thompson, Senior Investment Analyst

Source: Reuters

Updated: Nov 20 2025

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Source: Reuters

Saudi Arabia's Automotive Initiative: Saudi Arabia is collaborating with Stellantis and Petromin Corporation to explore the establishment of a vehicle manufacturing plant in the country.
Support for Vision 2030: The partnership aims to enhance localization in the automotive sector, aligning with Saudi Arabia's Vision 2030 plan to diversify the economy and promote private sector growth.
Memorandum of Understanding: A memorandum of understanding was signed by Saudi Arabia's Ministry of Investment, the National Industrial Development Center, and the two companies to assess the feasibility of the manufacturing project.
Investment Forum Context: The preliminary agreement was made during an investment forum in Washington, coinciding with Crown Prince Mohammed bin Salman's visit to the White House, highlighting increasing financial ties between Saudi Arabia and the U.S.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.