Tire Business was informed that the NTC plant project was an initiative of the Saudi prince and former Saudi government official Fahad Bin Abdul-Rahman Bin Abdul-Aziz Al-Saud. The company stated that at present, the project has signed a turnkey engineering design agreement with Finnish engineering consulting company Black Donuts Engineering Inc., covering the design of the factory itself and the design and development of factory products. The National Tire Company's project is expected to create one of the "world's largest and most modern individual tire factories." The plant will be built on 247 acres of land in Jubail and will produce 16 million passenger tires and 6 million meridian truck and bus tires each year. The company also said that it expects to start production in the second half of 2020 and that it will require 4,000 employees at full capacity. Mr. Dudin, who is involved in the construction of the plant, said that the construction of the Finnish-based Pirkkala Black Donuts will involve the construction of power plants, utility buildings, training facilities and onsite mosques. According to the Saudi Arabia’s General Administration of Investment, the country’s national vehicle sales exceed 1.2 million vehicles per year, and the estimated size of the tire market is 30 million. Currently, they all need to be imported. Many products also come from many Chinese tire companies. In addition, the Victoria Trading company in Dubai calls itself a marketing company that specializes in the outsourcing of machinery and services for cement, gypsum, coal and crushing and industrial projects in the steel industry. Kingdom of Saudi Arabia (Arabic: مملكة عربية سعودية, English: Kingdom of Saudi Arabia), approximately 31 million people, located in the Arabian Peninsula in southwestern Asia, east of the Persian Gulf, west of the Red Sea, with Jordan, Iraq, Kuwait, United Arab The emirate, Oman, Yemen and other countries border. Saudi Arabia is a veritable “oil kingdom†with oil reserves and production ranking first in the world, making it one of the richest countries in the world. There is currently no tire factory in the country.
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Saudi National Tire Corp. to build 6.5 billion new factory
January 15, 2018, Dubai, United Arab Emirates: The National Tire Company, a member of the Saudi royal family, is planning to build a large tire factory in Saudi Arabia worth US$1 billion (about 6.5 billion yuan) to meet local demand for tires. Growing demand. The National Tire Corp (NTC) project is located at the Jubail construction site in the industrial city east of the Persian Gulf, and Farid Dudin, general manager of the Victorian trading company (FZCO), will be responsible for the tire plant project.