{"id":102070,"date":"2025-11-03T00:00:00","date_gmt":"2025-11-03T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/11\/03\/jazan-hits-the-gas-on-eur-10-bn-auto-project\/"},"modified":"2025-11-03T00:00:00","modified_gmt":"2025-11-03T00:00:00","slug":"jazan-hits-the-gas-on-eur-10-bn-auto-project","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/11\/03\/jazan-hits-the-gas-on-eur-10-bn-auto-project\/","title":{"rendered":"Jazan hits the gas on EUR 10 bn auto project"},"content":{"rendered":"

The Jazan Chamber of Commerce and Industry<\/a><\/strong> signed a cooperation<\/strong> agreement <\/strong>with China-based Xincheng Jiao Technology to build a vehicle manufacturing plant in Jazan<\/strong>, with investments worth around EUR 10 bn (SAR 43.3) over 15 years, the chamber said on X<\/a> on Thursday. Specific timelines weren\u2019t disclosed.<\/p>\n

What we know:<\/strong> The new facility will cover all stages of vehicle manufacturing \u2014 from assembly and component production to research and development of advanced mobility technologies. The agreement covers cooperation in site selection, government coordination, and future research into high-efficiency and clean energy vehicles.<\/p>\n

Why Jazan?<\/strong> The city was chosen for the project \u201cfor its strategic location, international seaport, and expansive industrial zone,\u201d making it \u201can ideal environment to attract heavy and high-tech industries, including automotive manufacturing,\u201d Jazan Chamber Secretary-General Majid Al Jawhari told Asharq Al Awsat<\/a>. The agreement comes after Al Jawhari led a 12-day investment mission<\/a> to China, which saw 45 agreements and MoUs signed with Chinese companies across energy, education, logistics, technology, tourism, and real estate, with a total investment ticket of USD 11.8 bn.<\/p>\n

REFRESHER- <\/strong>The Jazan Chamber was seeking bidders earlier this year<\/a> for a SAR 302.3 mn cars and trucks batteries production project in the Jazan Economic Special Zone. With an annual production capacity of 1 mn batteries, the project will help meet local demand, reduce imports, and cut logistics costs due to its proximity to Jazan Port.<\/p>\n","protected":false},"excerpt":{"rendered":"

The new deal follows a 12-day investment mission to China<\/p>\n","protected":false},"author":1,"featured_media":102071,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2716],"tags":[2467,399,10,629,392],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-102070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-automotive","tag-china-saudi-relations","tag-enterpriseam-ksa","tag-jazan","tag-manufacturing","wpautop","entry"],"acf":{"mongo_id":"a9c551dc-036a-40dd-a5bc-5196de7be52d","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/11\/128.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Jazan lands EUR 10 bn auto plant deal with China\u2019s Xincheng Jiao","related_issue":[102057],"teaser":"The new deal follows a 12-day investment mission to China","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/11\/.9502ef61-4862-4e4c-9bfc-c10b3ef2a56a.mp3"},"yoast_head":"\nJazan hits the gas on EUR 10 bn auto project - 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