A company called National Tire Co, which is owned by a member of the Saudi royal family, Fahad Bin Abdul-Rahman Bin Abdul-Aziz Al-Saud is planning to build a massive tyre manufacturing facility in Saudi Arabia. Farid Dudin, general manager of Victoria Trading FZCO, who heads the tyre plant project has revealed that the USD 1 billion tyre manufacturing facility in Saudi Arabia will cater to the growing demand for premium tyres in the Kingdom.
National Tire Co. (NTC) has plans to build the factory in Jubail, which is an industrial city in the eastern part of the kingdom and is located on the Persian Gulf.
NTC has already signed an agreement for the turnkey concept design with Finnish engineering consulting firm Black Donuts Engineering Inc. The agreement covers both the design of the factory itself and the design and development of the company’s products. Black Donuts’ input will include engineering work for a power plant, utility buildings, training facilities and an on-site mosque.
The project is slated to be one of the “biggest and most modern individual tyre factories in the world”. When the factory, which will sprawl over a 247-acre site in Jubail is fully operational, it will have the capacity to produce 16 million passenger tires and 6 million radial truck/bus tyres a year.
Production is expected to start by the second half of 2020 and the plant is expected to provide employment to 4,000 people when working at full capacity.
Victoria Trading which is based in Dubai will act as the project developer and handle registration feasibility, site contracting, financing, tendering, predesign contracting, machinery selection contracting, operation contracting and other important issues.
Data sourced from the Saudi Arabian General Investment Authority indicates that car sales in the kingdom will exceed 1.2 million annually. The size of the tyre market is estimated at 30 million, and all these tyres are imported from other countries.
Manju Mathew, an MBA in marketing, completed publisher training courses from the Oxford Brookes University and New York University. She started with marketing and PR roles before moving on to her current position as a full time writer. Currently living in Dubai, her life as an expat has sharpened her observation skills and flair for writing. She enjoys writing about luxury cars like Ferrari, Lamborghini, etc even if she can only dream of owning them.
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