NTC to build $1bn tire plant in Saudi Arabia

London – Saudi Arabia’s National Tire Co. (NTC) is planning to build a $1-billion (€830 million) tire manufacturing plant in the country, a company official has confirmed to ERJ.

Head of the project Farid Dudin told ERJ that the unit – the first of its kind in Saudi Arabia – will be built in Jubail, to the east of the country.

In an 11 Jan statement, NTC said it had signed an agreement on the turnkey concept design with Finnish engineering consulting firm Black Donuts Engineering Inc.

The…

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