NICDP and Jaguar Land Rover bosses sign partnership deal

Azzam Yaser Shalabi, president of the National Industrial Clusters Development Program (NICDP), and Dr Ralf Speth, chief executive officer of Jaguar Land Rover, have formally signed a letter of intent paving the way for an automotive partnership in the Kingdom of Saudi Arabia.

Jaguar Land Rover, a UK manufacturer of premium vehicles, and Saudi Arabia’s NICDP will now begin a detailed feasibility study together to determine the viability of setting up an automotive facility.

Prince Faisal Bin Turki bin Abdul Azi Al Saud and the Saudi Arabian government have expressed their intention to initiate, develop and support the automotive industries and see Jaguar Land Rover as a potential partner to help strengthen their industrialisation plans.

Discussions between Jaguar Land Rover and the Saudi government are at a preliminary stage, although opportunities have already been identified in aluminium component production.