Isuzu to export trucks with logo ‘made in Saudi Arabia’



JEDDAH: Arab News

Published — Monday 10 December 2012

Last update 10 December 2012 2:43 am

| نسخة PDF Print News | A A

Dr. Saleh Al Rashid, general director of the Saudi Industrial Property Authority (MODON), declared that “the Isuzu Motors factory in Dammam will launch its production this weekend”. He said that the factory is considering exportation after covering the needs of the local market. He pointed out that the factory will encourage industrial investments related to the automotive industry while at the same time working accordingly to create investment opportunities in this field.
Al Rashid’s statement came after the Industrial Cities Authority yesterday announced the production of the first light vehicle in cooperation with Isuzu Motors Ltd. It has signed an agreement with the company to allocate the first industrial project in the area on a land area of 120,000 square meters in Dammam Second Industrial City in order to set up an integrated auto and truck-manufacturing factory.
Dr. Tawfiq Al –Rabiah, Minister of Commerce and Industry will inaugurate the factory.
“The most important benefits of the Isuzu factory in Saudi Arabia are the low prices of trucks compared to the past in terms of import and will create a conducive environment for investment in factories to support the industry. This is all in the interest of the Saudi economy,” Al Rashid pointed out.
“The producing costs of cars in Japan are high. The costs of energy, for example, is four times more than their cost in Saudi Arabia,” the General Director of (MODON) pointed out.
“There are supporting industries for auto industries in Saudi Arabia such as the manufacturing of batteries, body structures, front and rear bumpers and rims. Therefore, there are large and successful opportunities in this area for industrial investors, as we are encouraging them to take advantage of them,” he added.
For his part Mr. Ibrahim Alrashudi, Vice President at Isuzu Motors Saudi Arabia declared that the company will need a period of three years to cover all the needs of the Saudi market for trucks, pointing out that the second phase will include the production of about 20,000 trucks a year.
Alrashudi said that “the demand for trucks in Saudi Arabia is huge.” He pointed out that Isuzu could acquire 50 percent of the truck market as a whole. “We shall work to increase our share after launching the Isuzu factory in Saudi Arabia, which will see an expansion plan in the coming years.”
“The Isuzu factory in Saudi Arabia will represent a quantum leap for the industry. We encourage Saudi youth to engage in business related to this industry because of the large job opportunities available,” Alrashudi added.
It is expected that the production capacity of the industrial project will reach 25,000 trucks a year by 2017.
The plant will provide 800 jobs and the volume of exports will reach 40 per cent of the total production.
(MODON) pointed that the factory project is one of the most important projects at the Industrial Cities which sought to nationalize global technologies in the industry, in particular through one of the world’s largest specialized Japanese companies.

What's happening around Saudi Arabia

JEDDAH: A small fire broke out on the roof of the Grand Mosque on Monday morning, causing minor injuries to five people, including members of the Civil Defense, one security officer and three workers. The fire broke out at about 2 a.m. and covered an...
JEDDAH: The director general of the Saudi Industrial Property Authority, Saleh Rasheed, has said that Sadeer Industrial City, which is regarded as one of the largest industrial cities in the Kingdom, possesses great capabilities that sets it apart as...
DAMMAM: Cheap and out of date cosmetics are causing serious health problems in the Kingdom, including skin diseases, hair loss and cancer, local doctors say.These products are often manufactured incorrectly or contain harmful fats, the doctors were q...
JEDDAH: Several young Saudis have started filming Jeddah’s historic district using cameras mounted on drones to gather professional 3D footage that can be used to build models and create virtual tours.Bandar Al-Mutlaq, owner of the Arab Foundation, w...
RIYADH: The Saudi capital is fully geared for this year’s Eid Al-Fitr celebrations that include an exciting bouquet of entertainment, heritage, sports, artistic and theatrical events.The annual Muslim festivities being organized here by the Riyadh mu...
JEDDAH: As part of its growing supervisory and investigative status, Riyadh Health Department’s forensics center examined 632 cases over the past eight months involving suspected murder, rape and abuse of women and children.Khaled bin Muhammad Hassan...
RIYADH: The Syrian Expatriates Medical Association (SEMA) expressed its thanks on Monday to Saudi organizations and individuals for donating to the campaign to help Syrians affected by the ongoing conflict.SEMA has 1,300 members in Syria and other co...
RIYADH: Inclusion of the Hail rock art in the UNESCO World Heritage List is proof of the Kingdom’s status and cultural profoundness, said the Saudi Commission for Tourism and National Heritage (SCTNH) on Monday.Reacting to the announcement of the fou...
JEDDAH: The Yemeni community has asked the Saudi government to extend the rectification process, which ends Tuesday, claiming that there are many thousands still seeking to get proper identification documents to qualify for work visas in the Kingdom....
JEDDAH: The Ministry of Municipal and Rural Affairs has set up 343 electoral constituencies for the Dec. 12 municipal council elections.This was done on the orders of Abdullatif Al-Sheikh, the minister and head of the General Committee for the Munici...
JEDDAH: Efforts are under way to electronically handle all Haj-related works to achieve speed and accuracy, as well as reduce costs an bring in transparency, Haj Minister Bandar Al-Hajjar has said.Speaking at a workshop in Jeddah on Sunday, Hajjar sa...
JEDDAH: The Board of Trustees of the King Abdullah International Foundation for Charity and Humanitarian Works on Sunday held its third meeting in Jeddah in the presence of Prince Khaled bin Abdullah, the board chairman, and Prince Miteb bin Abdullah...
RIYADH: The Ministry of Health has announced that six people were infected with the Middle East Respiratory Syndrome Coronavirus (MERS-CoV) in the period from June 28 to July 6.The ministry has now recorded 1,045 cases of MERS since June 2012, with 5...
ALKHOBAR: Patient visitations play an important role in the healing process, provided the well-wishers adopt the right approach by speaking and acting in a manner that the sick person’s morale is lifted. However, any wrong move by the visitor may aff...
MAKKAH: The price of residential land has registered a drastic 30 percent drop due to the slump in the market over the past six months, said an online newspaper.According to real estate dealers, the reason behind the decision was the imposition of 30...

Stay Connected

Facebook