MASARAT Mobility Park Welcomes FPI Gulf as Anchor Tenant for Advanced Automotive Parts Manufacturing>

At the PIF Private Sector Forum 2026, MASARAT Mobility Park announced the signing of a development lease agreement with Fortune Parts Industry Gulf (FPI Gulf), a Joint venture between Thailand based FPI Group and local partner Fuel Autoparts Company. This milestone represents a significant step in the Park’s development and supports the localization of automotive manufacturing in the Kingdom, in line with Vision 2030. Under this agreement, FPI Gulf, a global leader in automotive manufacturing services, will establish an automotive parts factory at MASARAT Mobility Park, located within King Salman Automotive Cluster in King Abdullah Economic City (KAEC), reinforcing the Park’s position as Saudi Arabia’s leading destination for automotive and mobility industries. The facility will specialize in the production and distribution of automotive components using plastic injection molding, chrome plating, and painting technologies. It will serve both local and international Original Equipment Manufacturers (OEMs), contributing to the strengthening of Saudi Arabia’s automotive supply chain. Commenting on the announcement, Tienie Ferreira, Chief Executive Off...At the PIF Private Sector Forum 2026, MASARAT Mobility Park announced the signing of a development lease agreement with Fortune Parts Industry Gulf (FPI Gulf), a Joint venture between Thailand based FPI Group and local partner Fuel Autoparts Company. This milestone represents a significant step in the Park’s development and supports the localization of automotive manufacturing in the Kingdom, in line with Vision 2030. Under this agreement, FPI Gulf, a global leader in automotive manufacturing services, will establish an automotive parts factory at MASARAT Mobility Park, located within King Salman Automotive Cluster in King Abdullah Economic City (KAEC), reinforcing the Park’s position as Saudi Arabia’s leading destination for automotive and mobility industries. The facility will specialize in the production and distribution of automotive components using plastic injection molding, chrome plating, and painting technologies. It will serve both local and international Original Equipment Manufacturers (OEMs), contributing to the strengthening of Saudi Arabia’s automotive supply chain. Commenting on the announcement, Tienie Ferreira, Chief Executive Off...{}