The Saudi Gazette reported that Jaguar Land Rover owned by Tata Motors, plans to invest SAR 4.5 billion in setting up an automotive facility to manufacture 50,000 Land Rover vehicles per year by 2017 in Saudi Arabia.
The National Industrial Clusters Development Program, under the Saudi Ministry of Commerce & Industry said that the factory will arise either in Jubail or Yanbu industrial cities.
Jaguar Land Rover has signed a letter of intent with the Saudi government to study the feasibility of setting up a factory to build its models locally. It is now beginning a detailed study for the plant.
Source:
http://www.steelguru.com/middle_east_news/Jaguar_Land_Rover_investing_to_build_plant_in_Saudi_Arabia/295323.html
