June 17th, 2010 
Akhil 
Saudi Arabia will reportedly start producing its first car, the Gazal-1.The Gazal-1 first appeared as a concept at the Geneva Motor Show in March and now King Abduullah himself has given the go-ahead for what will become Saudi Arabia’s first home-built car.The concept was designed by students in King Saud University’s automotive engineering program and built around a Mercedes-Benz G-Class.
According to estimates, the project needs a US$500 million investment in order to get off the gound.
“Contacts are ongoing with Saudi investors for the mass production of the Gazal-1,” Abderrahman al-Ahmari, a project official, told the Association for Financial Professionals.
It is hoped the car will be in production within two to three years, at numbers around 20,000 units per year.
More details to come…
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