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Tyres & Accessories Magazine September 2023 tyrepress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tyrepress.com Daily Mail and Mail on Sunday newspapers.
Plans for two Saudi Arabia tyre factory projects were announced during 2022. In January 2022, Black Arrow Tire Company (Blatco) agreed to a tyre factory construction joint venture with Kumho. By June 2022, Kingdom Tyres, which describes itself as Saudi’s largest tyre producer, signed a provisional investment agreement with the Royal Commission for Jubail & Yanbu. Here Tyres & Accessories considers the latest developments with both projects and asks if the market is big enough for both factories? ....
RIYADH: Saudi Arabia’s Royal Commission for Jubail and Yanbu has concluded a conditional investment agreement with Kingdom Tyres to build a SR4 billion ($1 billion) factory. The facility will be built on an area of 50 hectares, according to a tweet on RCJY’s official account. It is also expected to provide 1200 job opportunities for Saudis trained at the High Institute for ....