Filed under:
Plants/Manufacturing,
Jaguar,
Land Rover
The
Middle East is one of the fastest-growing markets for
Land Rover, so it makes sense that the automaker is looking to set up shop in the region. According to
Automotive News,
Jaguar Land Rover is in talks with the people of
Saudi Arabia to build a factory in the country at an expected initial cost of $1.2 billion. Still in the early stage of talks, the proposed facility could start up by 2017 using locally sourced materials such as steel and aluminum.
Such an arrangement could be beneficial for both entities as Saudi Arabia looks to diversify its oil-reliant economy and Land Rover could get local production capacity of around 50,000 units. The report also says that the agreement talks about the possibility for
Jaguar models to be built at the same plant further down the road.
This won't be the first vehicle produced in Saudi Arabia - that honor goes to the
KSU Gazal-1 - but it will be the first from a major global automaker.
Jaguar Land Rover may build factory in Saudi Arabia originally appeared on
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Report: Jaguar Land Rover may build factory in Saudi Arabia
