MAN Trucks to Be Assembled in Jeddah |
|
Network this!
RIYADH, 12 November 2006 -- A major Saudi automotive dealer will assemble MAN trucks of Germany at its facility in Jeddah, making the Kingdom the production base for three different types of trucks after Mercedes-Benz and GMC trucks.
The announcement was made at a meeting presided over by Minister of Transportation Jabara Al-Seraisry yesterday. Deputy Minister of Transport Dr. Abdulaziz Al-Ohaly, Anton Weinmann, chairman, MAN Nutzfahrzeuge AG, one of the world's biggest manufacturers of trucks, and Ali H. Alireza, director and general manager, Haji Husein Alireza & Co. Ltd.Haji Husein Alireza & Co. Ltd.
, were among those present. The event also marked the 100th anniversary of Haji Husein Alireza & Co. Ltd.Haji Husein Alireza & Co. Ltd. this year.
Speaking after the meeting, Dr. Al-Ohaly welcomed MAN's decision to assemble trucks in Jeddah in collaboration with Haji Husein Alireza & Co., which is currently the agent for MAN trucks in the Kingdom. He assured overseas investors of the government's full cooperation in the transportation sector, which was set to expand in the wake of the economic reforms and the growing Haj and Umrah traffic.
Earlier, Weinmann, the company's chairman, told Arab News that the decision to put up an assembly plant was taken in the light of its feasibility report which has established the viability of such a project. He said the Kingdom would be the base for catering to the market in the other Gulf states as well.
Elaborating on his remarks, Alireza said they planned to invest some SR50 million in putting up the truck assembly plant which will have a production capacity of 6,000 units initially. He said part of the funding will come from the Saudi Industrial Development Fund (SIDF)Saudi Industrial Development Fund (SIDF).
In reply to a question, Alireza pointed out that under the agreement some of the components would be procured from the local market. This would give a boost to the market and also create job opportunities. The company will also sign an agreement with the Human Resources Development Fund (HRDF) for training and employing Saudi nationals. "A majority of the recruits would be Saudis, both in the administration and technical jobs," he observed. The agreement with MAN, he said, would also lead to technology transfer, for which his company will set up a training center to put Saudis through their paces in MAN technology. "We are happy that the plant will be set up in the Kingdom, which has a strategic location in the Gulf region. It will not only cater to the domestic market but also to the Gulf market as a whole," he added.
By Javid Hassan
© Arab News 2006
Comment on this article 
Loading ...-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
from issuers in both public and private sectors. It is not an e-tendering service and is entirely FREE.
As an Issuer, you can benefit from posting an unlimited number of Tender
Notices for FREE and reaching out to an online community of bidders.
The service also offers you a tool to track the interest of bidders to your
tenders 'live' online.
| Tender Notice | Due Date |
Stories
Companies
| Company Name | Country | Industry |
| Consolidated Contractors Company | Overseas | Construction and Design |
| Saudi Telecom | Saudi Arabia | Telecommunications Services |
| Saudi Binladin Group | Saudi Arabia | Construction and Design |
| Emirates Aluminium Company | UAE | Metal Production |
| Saudi Electricity Company | Saudi Arabia | Electric Utilities |
| Dodsal Engineering and Construction | UAE | Construction and Design |
| Roads and Transport Authority - Dubai | UAE | Regulatory and Administrative Bodies |
| Pepsi Cola International (Middle East) | Region-wide | Beverages |
| Emirates Telecommunications Corporation | UAE | Telecommunications Services |
| Commercial International Bank (Egypt) | Egypt | Banking |
Projects
| Project Name | Country | Sector |
| Takreer - Ruwais Refinery Expansion | UAE | Oil and Gas |
| Emirates Aluminium (EMAL) - Smelter Complex - Phase 1 | UAE | Industry |
| ENEC - Nuclear Power Plant | UAE | Power and Water |
| Abu Dhabi DOT - Abu Dhabi Metro | UAE | Infrastructure |
| Dubai RTA - Dubai Metro | UAE | Infrastructure |
| SATORP - Jubail Refinery and Petrochemical Complex | Saudi Arabia | Oil and Gas |
| Al Safwa - Jeddah Cement Plant | Saudi Arabia | Industry |
| Qatar Bahrain Causeway Foundation - Qatar Bahrain Causeway | Bahrain | Infrastructure |
| Qatar Bahrain Causeway Foundation - Qatar Bahrain Causeway | Qatar | Infrastructure |
| Al Futtaim Carillion - Marina Hotel (Yas Island) | UAE | Real Estate |