Saudi $1.6bn tire project eyes 2021 start-up

Hanover, Germany – More than a year after announcing its ambitious $1.6-billion (€1.4 billion) project to build a tire plant in Saudi Arabia, the National Tire Co. says it has weathered some financing problems and is back on track with the plan.

“It was a bit of a tough year in Saudi Arabia… All economic activities were frozen for a while and development projects were reprioritised,” explained Farid Dudin, head of the tire plant project.

Despite these issues, negotiations are going well for the 20-million-unit per annum…

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