Editing Economy of Saudi Arabia (section)

==Automotive==
[[File:Flickr - plushev - Geneva2010 659.jpg|thumb|[[KSU Gazal-1]]]]

In 2010, the [[KSU Gazal-1]], an SUV built by students at [[King Saud University]], became the first mass-produced vehicle manufactured domestically in Saudi Arabia.<ref>{{cite news |author=<!--not stated--> |date= June 25, 2010|title= Saudi Arabia unveils 1st domestically made car |url= https://www.nbcnews.com/id/wbna37707041 |work=[[NBC News]], [[Associated Press]] |location= |access-date=September 23, 2023 |series=Business News}}</ref> In 2022, the US car company [[Lucid Motors]] announced plans to build an [[electric vehicle]] manufacturing plant in [[Jeddah]].<ref>{{Cite web|url=https://arab.news/zpfbr|title=Gearing up for a 'Made in Saudi Arabia' Lucid EV|date=1 March 2022|website=Arab News|access-date=23 March 2022|archive-date=18 January 2023|archive-url=https://web.archive.org/web/20230118135602/https://www.arabnews.com/node/2034266|url-status=live}}</ref> Construction began in May 2022, and the plant will have capacity for 150,000 vehicles.<ref>{{cite web | url=https://www.arabianbusiness.com/industries/construction/construction-begins-on-lucids-first-electric-vehicle-factory-in-saudi-arabia-with-investments-of-3-4-billion | title=Construction starts on Lucid's first electric vehicle factory in Saudi Arabia with investments of $3.4 billion | publisher=Arabian Business | date=19 May 2022 | access-date=7 June 2022 | author=Oommen, Anup | archive-date=8 June 2022 | archive-url=https://web.archive.org/web/20220608014334/https://www.arabianbusiness.com/industries/construction/construction-begins-on-lucids-first-electric-vehicle-factory-in-saudi-arabia-with-investments-of-3-4-billion | url-status=live }}</ref>

[[Toyota]] is the leading brand in Saudi Arabia, accounting for 30% of car sales in the country; they are followed by [[Hyundai Motor Group|Kia and Hyundai who together]] make up 26%, and [[Renault–Nissan–Mitsubishi Alliance|Renault/Nissan/Mitsubishi]] at 9%. The [[Big Three (automobile manufacturers)#United States|American Big Three auto makers]] ([[Ford Motor Company|Ford]], [[General Motors|GM]], and [[Chrysler]]) comprise the remainder.<ref>{{cite web |url= https://www.trade.gov/market-intelligence/saudi-arabia-automotive-market |title= Saudi Arabia Automotive Market|author=<!--Not stated--> |date= September 13, 2021|website=trade.gov |publisher= [[International Trade Administration]]|access-date= September 23, 2023}}</ref> As for the quantity of vehicle units sold, in the first half of 2023, Toyota had the highest in the country with 112,584 and the second-most was the [[Hyundai Motor Company|Hyundai badge]] with 47,218.<ref>{{cite web |url= https://amp.kedglobal.com/newsAmp/ked202309180021 |title= Hyundai eyes Saudi EV plant as Korea bets on Middle East boom |last1= Kim|first1=Il-Gue|last2= Bae|first2= Sungsu|editor-last=Nam |editor-first=In-Soo |date= September 18, 2023|website=amp.kedglobal.com |publisher=[[The Korea Economic Daily]] |access-date=September 23, 2023 }}</ref>