Tuesday, February 15, 2011

Saudi, Isuzu plan $133m car factory

Saudi Arabia has signed an agreement with Japan's Isuzu Motors to set up a car and truck manufacturing factory, costing around 500 million riyals ($133 million), state news agency SPA said.Production will begin in the fourth quarter of 2012 with initial output of 600 trucks, the project manager was quoted as saying in the statement. The plant will be located in Dammam. "Expansion in the