Jaguar Land Rover to invest 100 million pounds for new plant in Saudi Arabia

Tata Motors owned Jaguar Land Rover is planning to invest 100 million pound to set up a new facility in Saudi Arabia, eyeing to make 100,000 cars per year to fulfill the booming demand in the Middle East region.

It is reported that the luxury car makers is close to signing a deal with Saudi government to build the plant in the east of the country. Initially the JLR’s most popular Land Rover Discovery will be manufacture at the assembly and expected to employ around 4000-5000 people.

This investment will be the third big foreign expansion after finalizing the deals to open factories in China and Brazil. Saudi government also looking to invest in the plant in order to develop their automotive industry as well.

The company is likely to begin start production of cars with components made in Britain and to continue by taking more parts from Saudi companies.

Company’s new 500 million pound engine plant in the West Midlands is all set to start production by next year. Jaguar has confirmed a 240 million pounds agreement late last year to build a factory in Rio de Janeiro, and is also opening a plant in China in a 1 billion pounds joint-venture with the Chinese car maker Chery.