Jaguar in the desert?
Tata-owned Jaguar and Land Rover vehicles could soon be built in oil-rich Saudi Arabia as Middle Eastern demand for the luxury vehicles increases, according to a report.
The 1 billion pounds plan follows Jaguar Land Rover sales in the Middle East and North Africa increasing by more than 9per cent to 11,418 vehicles this year.
The move forms part of the car company's global expansion strategy that recently saw it complete a 1 billion pounds deal to build its vehicles in China.
According to the Daily Mail, the India-based Tata Motors also plans to create an additional 4,500 production and manufacturing jobs in the UK over the next five years.
"We are committed to further international partnerships to meet record demand for our highly sought after vehicles," the paper quoted Jaguar Land Rover chief executive Dr Speth, as saying.
"The Kingdom of Saudi Arabia is an attractive potential development option, complementing our existing advanced facilities in Britain and recent manufacturing plans to expand in other countries including India and China," he added.
The paper said that the new deal would present an opportunity for British workers to head out to Saudi Arabia to train local staff, although the company stresses it is not 'exporting British jobs abroad'.
- Oman’s Duqm tourist complex moves forward with government approval
- Kuwait fights budget deficit: Reexamining government salaries, expatriate labor
- Tunisian Confederation of Industry, Trade, and Handicrafts fights nationwide unemployment levels
- Construction costs fall in Dubai
- Western tourists flock to Iran, could generate $30B in new revenue
- Jaguar Land Rover MENAP embraces social media with launch of region's first automotive social media 'suite'
- Jaguar Land Rover launches financial services solution for Middle East and North Africa
- Jaguar Land Rover MENAP adds mobile app to region's first automotive social media suite
- Jaguar and Land Rover post healthy regional sales for 2003
- Jaguar Land Rover unveils next stage of global expansion plans