Mercedes G-Class-based 'Gazal 1'
The King Saud University (KSU) on Sunday appear a $500 actor accord with South Korea's Digm Automotive Technology to set up Saudi Arabia's aboriginal car accomplishment company. The Saudi university afresh fabricated account with the Mercedes G-Class-based 'Gazal 1' (pictured above) afterwards announcement that the SUV is branch for production.
The Saudi Press Agency appear that the university's advance arm, Wadi al-Riyadh Technology, will accord 10 to 15 per cent of the costs for the fresh venture, with the South Korean close accouterment 30 per cent, while the blow will be covered by investors.
�The move comes as allotment of the university�s efforts to alteration technology and authorize a knowledge-based economy,� said KSU Admiral Abdullah Al-Othman afterwards signing the accord with Y.K. Jeon, admiral of Digm Automotive Technologies.
Al-Othman said the joint-venture's aboriginal agent will be an economical five-passenger model. �Our aim is to bazaar a bargain car of aerial affection priced at amid SR35,000 and SR45,000, [US$9,300 to US$12,000]� Al-Othman told reporters.
He added the car will be accessible aural the abutting two years and that he hoped to consign the country's aboriginal auto to added Gulf states as able-bodied as North African countries.
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