JLR signs LOI with Saudi Arabian government

By: Motown India Bureau

Dec 11 2012

Jaguar Land Rover (JLR), the marquee British brands owned by Tata Motors, and Saudi Arabia’s National Industrial Clusters Development Program (NICDP) have announced that they will now begin a detailed feasibility study together, to determine the viability of setting up an automotive facility. Discussions between JLR and the Saudi Government are at a preliminary stage, although opportunities have already been identified in aluminium component production – an area where Jaguar Land Rover has established a leadership position. Pending agreement on development options in the Kingdom of Saudi Arabia, the company would expect to announce further plans in 2013. Issues such as level of investment, potential capacity and job creation have not yet been discussed in detail between the parties. Azzam Yaser Shalabi the President of the National Industrial Clusters Development Program (NICDP) Saudi Arabia and Dr. Ralf Speth, Jaguar Land Rover Chief Executive Officer formally signed a Letter of Intent paving the way for an automotive partnership in the Kingdom of Saudi Arabia. HRH Prince Faisal Bin Turki bin Abdul Azi Al Saud and the Saudi Arabian Government has expressed its intention to initiate, develop and support the automotive industries and see Jaguar Land Rover as a potential partner to help strengthen their industrialisation plans.

FOLLOW US ON

Tags JLR signs LOI with Saudi Arabian government

Next Previous View All

comments (0)

No Comment Available for this Post. Be the first one to comment on this Post.

Steelbird unveils Brat helmet in collaboration with Blauer o...

15 Apr 2021

Asia’s largest helmets manufacturer Steelbird Helmet has launched a new range of helmet by the name of Brat in collaboration with Blauer, a US based company which is a leader in developing and manufac...

Complete Reading

Studds Urban Super D1 Décor helmet at Rs 1220

31 Mar 2021

Leading helmet manufacturer Studds Accessories Ltd., has launched Urban Super D1 Décor helmet. Priced at Rs 1220, it is one of the most stylish helmets available in its range.

Complete Reading

Studds launches Ninja Elite Super D5 Décor helmet at Rs 1595

26 Mar 2021

Studds Accessories Ltd., the world’s largest two-wheeler helmet manufacturer (in terms of volumes sold in a year), has launched Ninja Elite Super D5 Décor Helmet.

Complete Reading

In The News

Shareholders vote in favour of Motherson Sumi Group restructuring
Date : 30 Apr 2021
Maruti Suzuki FY 2020-21 net sales fall by 7.2pc, net profits by 25.1pc
Date : 27 Apr 2021
MG Motor India, Devnandan Gases to increase medical oxygen production
Date : 21 Apr 2021
BAJA SAEINDIA 2021 commences its 14th edition
Date : 21 Apr 2021
Tata Motors Group global wholesales at 3,30,125 in Q4 FY21
Date : 15 Apr 2021
Honda Cars India recalls vehicles for replacement of fuel pump
Date : 15 Apr 2021
Chetak bookings open and close; Company does not disclose numbers
Date : 15 Apr 2021
Renault India announces partnership with CERO Recycling
Date : 10 Apr 2021
Bajaj Auto 2020-21 2 wheeler sales slumps (-) 9 per cent at 3,605,893 units
Date : 02 Apr 2021
Piaggio India opens pre-booking of Aprilia SXR 125
Date : 02 Apr 2021
Suzuki Motorcycle India sells 69,942 units in March 2021
Date : 01 Apr 2021
TVS Motor Company sales in March 2021 grow by 123%
Date : 01 Apr 2021

Interviews

Interview with Vishal Mathur, Senior Vice President, LMD Tru...

07 Apr 2021

Vishal Mathur, Senior Vice President, LMD Truck Business – VECV elaborates upon VECV’s Light & Medium Duty (LMD) business in India, the company’s product offering and the several advantages offered by...

Complete Reading

Interview with KN Gupta, Joint MD, Maclite (Super Nova Autol...

26 Aug 2020

KN GUPTA, Joint Managing Director, Maclite (Super Nova Autolite Pvt Ltd) & MD, SKNG Business Solutions Pvt Ltd reveals in an interview with Motown India Editor Roy P. Tharyan, that the auto industry i...

Complete Reading

CV Raman of Maruti Suzuki answers 23 critical questions for ...

19 Aug 2020

23 Questions every car owner should be able to answer Interview with CV Raman, Sr. Executive Director, Engineering, Maruti Suzuki India Ltd. Raman san answers 23 critical question for car owners.

Complete Reading

JLR signs LOI with Saudi Arabian government

FOLLOW US ON

Mahindra Japanese subsidiary and Kubota in business collabo...

TVS Eurogrip to power MMSC Motorcycle Endurance Race 2021

Pvt vehicles have 20 years, CVs 15 years for deregistration

Isuzu launches new BS VI compliant V-Cross with new variants...

Fiscal 2020-21, April 2021 vehicle registrations down (-) 38...

T-Roc-in the Mountains of Manali

Steelbird unveils Brat helmet in collaboration with Blauer o...

Studds Urban Super D1 Décor helmet at Rs 1220

Studds launches Ninja Elite Super D5 Décor helmet at Rs 1595

Interview with Vishal Mathur, Senior Vice President, LMD Tru...

Interview with KN Gupta, Joint MD, Maclite (Super Nova Autol...

CV Raman of Maruti Suzuki answers 23 critical questions for ...

Find us on Facebook