{"id":11031,"date":"2026-02-10T09:42:44","date_gmt":"2026-02-10T08:42:44","guid":{"rendered":"https:\/\/shams-alyaoum.com\/en\/?p=11031"},"modified":"2026-02-10T09:42:44","modified_gmt":"2026-02-10T08:42:44","slug":"masarat-mobility-park-welcomes-fpi-gulf-as-anchor-tenant-for-advanced-automotive-parts-manufacturing","status":"publish","type":"post","link":"https:\/\/shams-alyaoum.com\/en\/masarat-mobility-park-welcomes-fpi-gulf-as-anchor-tenant-for-advanced-automotive-parts-manufacturing\/","title":{"rendered":"MASARAT Mobility Park Welcomes FPI Gulf as Anchor Tenant for Advanced Automotive Parts Manufacturing"},"content":{"rendered":"<ul>\n<li><b><span lang=\"EN-GB\">MASARAT Mobility Park<\/span><\/b><span lang=\"EN-GB\">\u00a0has entered into a development lease agreement with FPI Gulf to establish an automotive parts manufacturing facility, marking a key milestone in the Park\u2019s development.<\/span><\/li>\n<li><span lang=\"EN-GB\">This agreement strengthens\u00a0<b>MASARAT Mobility Park\u2019s<\/b>\u00a0position as the premier destination for localizing the automotive and mobility value chain in Saudi Arabia.<\/span><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<div class=\"content  content-justify \">\n<p><span lang=\"EN-GB\">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\u2019s development and supports the localization of automotive manufacturing in the Kingdom, in line with Vision 2030.<\/span><\/p>\n<p><span lang=\"EN-GB\">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\u2019s position as Saudi Arabia\u2019s leading destination for automotive and mobility industries.<\/span><\/p>\n<p><span lang=\"EN-GB\">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\u2019s automotive supply chain.<\/span><\/p>\n<p><span lang=\"EN-GB\">Commenting on the announcement,\u00a0<b>Tienie Ferreira, Chief Executive Officer of MASARAT Mobility Park<\/b>\u00a0said: \u201cThis agreement underscores the strategic value of MASARAT Mobility Park as a purpose-built destination for automotive manufacturing. Welcoming FPI Gulf as our anchor tenant strengthens the Park\u2019s role in enabling an integrated ecosystem that brings together manufacturing, logistics, and industrial infrastructure in a single location.\u201d<\/span><\/p>\n<p><b><span lang=\"EN-GB\">S<\/span><\/b><b>ompol Tanadumrongsak,\u00a0<\/b><b><span lang=\"EN-GB\">Chief Executive Officer of FPI Group and President of Thai Auto-Parts Manufacturing Association (TAPMA)<\/span><\/b><span lang=\"EN-GB\">, added: \u201cSaudi Arabia represents a strategic growth market for FPI Group, and our collaboration with MASARAT Mobility Park marks an important step in expanding our regional footprint. The Park offers a well-connected, investment-ready platform for establishing advanced manufacturing operations to serve local and regional automotive markets. This initiative reflects our long-term commitment to the Kingdom and our support for localization and capability development.\u201d<\/span><\/p>\n<p><span lang=\"EN-GB\">This milestone reinforces MASARAT\u2019s role as a leading enabler of automotive localization, supported by integrated industrial and logistics capabilities, advanced infrastructure, multimodal connectivity, and Special Economic Zone incentives. This Partnership underscores the Park\u2019s commitment to attracting global industry players, and accelerating the development of a competitive, localized automotive and mobility value chain.<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>MASARAT Mobility Park\u00a0has entered into a development lease agreement with FPI Gulf to establish an automotive parts manufacturing facility, marking a key milestone in the Park\u2019s development. This agreement strengthens\u00a0MASARAT Mobility Park\u2019s\u00a0position as the premier destination for localizing the automotive and mobility value chain in Saudi Arabia. &nbsp; At the PIF Private Sector Forum 2026, &hellip;<\/p>\n","protected":false},"author":2,"featured_media":11032,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[1343,9,1310,1400],"class_list":["post-11031","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-automotive","tag-business","tag-general","tag-manufacturing"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MASARAT Mobility Park Welcomes FPI Gulf as Anchor Tenant for Advanced Automotive Parts Manufacturing - Magazine Shams Al Yaoum<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shams-alyaoum.com\/en\/masarat-mobility-park-welcomes-fpi-gulf-as-anchor-tenant-for-advanced-automotive-parts-manufacturing\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MASARAT Mobility Park Welcomes FPI Gulf as Anchor Tenant for Advanced Automotive Parts Manufacturing - Magazine Shams Al Yaoum\" \/>\n<meta property=\"og:description\" content=\"MASARAT Mobility Park\u00a0has entered into a development lease agreement with FPI Gulf to establish an automotive parts manufacturing facility, marking a key milestone in the Park\u2019s development. 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