Omnipreneurship Newsletter
FOTON Accelerates Growth with Historic MoU in Saudi Arabia
FOTON, one of the world’s leading commercial vehicle manufacturers, is shifting into high gear in Saudi Arabia. Following a record-breaking sales performance, the brand has taken a bold new step toward localized manufacturing. In partnership with Petromin Corporation, and with the support of the Ministry of Investment (MISA) and the Ministry of Industry and Mineral Resources (MIM), FOTON has signed a historic Memorandum of Understanding to establish a manufacturing plant in the Kingdom.
This milestone marks more than just a new facility. It represents a monumental stride in advancing Saudi Arabia’s vision for industrial development and mobility localization, while also reinforcing Petromin’s long-term commitment to the market. With momentum building, the road ahead promises innovation, growth, and a stronger role for Saudi Arabia at the center of the global mobility landscape.