The investment arm of Saudi Arabia's King Saud University plans to build cars for sale in the North African and Persian Gulf markets, said the university's president, Abdullah al-Othman. The official SPA news agency said a South Korean company, which wasn't named, will own a 30% stake in the car-building venture, with the university's Wadi al-Riyadh Technology subsidiary owning 10% and private investors holding the rest. Full story here
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