Press Esc to close
Tuesday 02 September 2014
News updated at 5:00 PM IST
Weather
Max: 27°C
Min : 20°C
In Bangalore
Generally cloudy

JLR inks LoI with Saudi govt for auto unit

Mumbai, Dec 11, 2012, DHNS:

The UK's premium carmaker Jaguar Land Rover (JLR), promoted by Tata Motors, on Tuesday formally signed a pact with National Industrial Clusters Development Program (NICDP) paving the way for an automotive partnership in the kingdom of Saudi Arabia.

Jaguar Land Rover Chief Executive Officer Ralf Speth and Saudi Arabia's NICDP President Azzam Yaser Shalabi signed a Letter of Intent for an automotive partnership in the latter's country.

Accordingly, both the entities will now begin a detailed feasibility study together, to determine the viability of setting up an automotive facility.


Further, Prince Faisal Bin Turki bin Abdul Aziz Al Saud and the Saudi Arabian Government has expressed intention to initiate, develop and support automotive industries and see JLR as a potential partner to help strengthen their industrialisation plans in the region.

Even as discussions between JLR and the Saudi Government are at a preliminary stage, opportunities have already been identified in aluminium component production – an area where Jaguar Land Rover has established a leadership position.

Go to Top

Photo Gallery
President Pranab Mukherjee grants degree to a student at the 14th convocation of the University...

President Pranab Mukherjee grants degree to a student at the 14th convocation of the University...

Fireworks on the occasion of 410th installation anniversary of Sri Guru Granth Sahib, the holy...

Fireworks on the occasion of 410th installation anniversary of Sri Guru Granth Sahib, the holy...

Left Front activists take part in a rally to observe anti-imperialist day in Kolkata on...

Left Front activists take part in a rally to observe anti-imperialist day in Kolkata on...

Flood water flows through Srisailam dam after its four crest gates were opened in Kurnool on...

Flood water flows through Srisailam dam after its four crest gates were opened in Kurnool on...

BJP president Amit Shah during a visit to Sree Padmanabhaswamy temple in Thiruvananthapuram on...

BJP president Amit Shah during a visit to Sree Padmanabhaswamy temple in Thiruvananthapuram on...

Prime Minister Narendra Modi shakes hands with Japanese Minister of Foreign Affairs Fumio...

Prime Minister Narendra Modi shakes hands with Japanese Minister of Foreign Affairs Fumio...

Actress & BJP MP from Chandigarh Kirron Kher speaks during a seminar on...

Actress & BJP MP from Chandigarh Kirron Kher speaks during a seminar on...

Prime Minister Narendra Modi and Japan's Prime Minister Shinzo Abe makes a toast during a banquet...

Prime Minister Narendra Modi and Japan's Prime Minister Shinzo Abe makes a toast during a banquet...

Congress president Sonia Gandhi prays in a temple during a visit to her constituency Rae Bareli...

Congress president Sonia Gandhi prays in a temple during a visit to her constituency Rae Bareli...

Congress president Sonia Gandhi in a village hut during a visit to her constituency Rae Bareli on...

Congress president Sonia Gandhi in a village hut during a visit to her constituency Rae Bareli on...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523