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Toyota mulls setting up production facility in Saudi Arabia

  • March 12, 2017
  • , Yomiuri
  • JMH Summary

Sunday’s Yomiuri wrote that in order to look into the possibility of establishing an assembly plant in Saudi Arabia, Toyota will launch joint research with the Saudi government. The automaker plans to exchange a memorandum of understanding with the Saudi government on March 14 on the occasion of King Salman’s visit to Japan this week. Saudi Arabia is hoping to draw automakers and other manufacturers to the country as part of its efforts to reduce its dependence on oil production. Toyota, which holds about a 30% share of Saudi Arabia’s auto imports, is hoping that demand will increase in the nation. However, the automaker will carefully consider the possibility of production in Saudi Arabia because there are not many parts manufacturers there.

 

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