DRB-HICOM is now looking for partners to develop the automotive cluster project in Saudi Arabia.Read the full news from Btimes below.
DRB-HICOM SEEKS PARTNER FOR SAUDI PROJECT
CONGLOMERATE DRB-HICOM Bhd is seeking partners to develop its integrated automotive cluster project in the Jazan Economic City in the Jizan Province of Saudi Arabia.
Its group managing director Datuk Mohd Khamil Jamil said towards this end, the company would cooperate with potential partners in both manufacturing and assembly activities.
“We are looking for suitable partners who can work together with us to develop the auto cluster in Jazan,” Mohd Khamil told Bernama recently.
Last year, DRB HICOM signed an agreement with the Jazan Economic City Land Limited (JEC), the Saudi Binladin Group (SBG) and GIIG International Holding Company Ltd (GIIG), to explore business prospects in respect of establishing the integrated automotive cluster project.
The Jazan Economic City encompasses 113 sq km and is located along the Red Sea, 60km north-west of Jizan City.
The economic city focuses on heavy industries, secondary industries, human capital and lifestyle.
Various industries such as a power plant, port, aluminium smelter and steel cluster have also been identified in the approved master plan for the economic city.