The UK’s Land Rover has signed a $100 million investment agreement with Jordan’s Ole Automative Trading Company to establish a manufacturing plant in the Kingdom. The factory will be a Completely Knocked Down (CKD) site located in the southern town of Maan, reported AFP.
A CKD factory is supplied with Land Rover vehicles in kit form for assembly on site. The Jordanian subsidiary is expected to be operational by mid-2003. The plant will have an initial annual production of more than 5,000 Land Rover Defender 110s, which will be available for local purchase as well as re-exported to other regional states.
Land Rover is a manufacturer of family off-road cars. Its Middle East and African retailers import and distribute vehicles manufactured at the company’s plant in Slihull, England. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
