Saudi, Turkish investors to build trailers factory
- Saudi Arabia: Thursday, January 17 - 2013 at 04:43
Saudi-based Reema Group has signed an agreement with Turkish investors to establish the kingdom's first factory to build trailers and containers, Arab News has reported. To be set up at Jeddah Industrial City, the SR500m plant will produce 5,000 trailers and containers this year, according to Anwar Basaad, chairman of the board of directors of Reema Group. "The agreement will help transfer of Turkish technology to Saudi Arabia," he said. "We intend to meet the local demand for trailers and containers," Basaad said. The factory will be established on an area of 20,000 sq m in the industrial city.
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