• En
    • ع
Friday, October 31, 2025
Daleel News
  • Home
  • Industry
  • Energy
  • Mining
  • Logistics
  • Supply chain
No Result
View All Result
  • Home
  • Industry
  • Energy
  • Mining
  • Logistics
  • Supply chain
No Result
View All Result
Daleel News
  • En
    • ع

Yanbu’s New Tire Plant Boosts Job Creation

Blatco and Golden Star partner to build Middle East's largest tire facility

by Huda Marshad
November 20, 2024
in Industry
Copy Link شارك على فيسبوكشارك على تويتر

A new tire manufacturing facility in Yanbu is set to create over 2,000 jobs, thanks to a USD 470 million investment. Saudi Arabia’s Black Arrow Tire Co. (Blatco) and Thailand’s Golden Star Rubber Co. have teamed up to build the Middle East’s largest tire plant.

Golden Star Rubber will supply natural rubber to the facility, which is supported by the Royal Commission for Jubail and Yanbu. The plant will initially produce 4 million tires annually for passenger vehicles, with plans to increase output to 6 million, including truck and bus tires. Half of the production will cater to the domestic market, while the rest will be exported.

The Saudi tire market, which produced 22.6 million units in 2023, is expected to grow at a compound annual rate of 1.26%, reaching 25.5 million units by 2032.

The partnership was formalized at a ceremony with key figures such as Blatco Chairman Abdullah Al-Wahibi and Golden Star Rubber Chairman Amir Zafar. This initiative supports Saudi Vision 2030 by promoting industrial localization and reducing reliance on imports, aiming to position the Kingdom as a leader in tire manufacturing.

Tags: Blatcoindustrial localizationJob CreationSaudi Vision 2030tire manufacturing
Copy Link ShareShareTweetSend

Related Posts

Korea-Saudi industrial cooperation under Vision 2030
Industry

Korea-Saudi industrial cooperation under Vision 2030

October 28, 2025
Industry

Saudi Electronics Manufacturing Gains Momentum

October 27, 2025
Industry

Saudi Egypt industrial partnership drives manufacturing

October 21, 2025
Industry

Siemens Mobility Riyadh office boosts rail projects

October 14, 2025
Industry

Saudi Aviation Transformation: Kyndryl–Auj Partnership

October 10, 2025
Industry

Saudi industrial mission targets K Show 2025 in Germany

October 10, 2025

Recommended News

Nissan-PIF Partnership: A New Chapter in Auto Industry

Nissan-PIF Partnership: A New Chapter in Auto Industry

April 21, 2025

Green Hydrogen Project in Yanbu: ACWA Power’s Ambitious Plan

August 3, 2025

AI Infrastructure in Saudi Arabia: Blaize & TCC Partnership

September 23, 2025

Browse by Categories

  • Climate
  • Energy
  • Industry
  • Logistics
  • Mining
  • Supply chain

Browse by Topics

Battery Energy Storage clean energy digital transformation Economic Diversification Economic Growth Electric Vehicles Energy Efficiency Energy Storage energy transition Exploration Licenses foreign investment Global Logistics Forum green hydrogen Industry 4.0 Innovation Investment JinkoSolar Joint Venture Logistics Hub Manufacturing Mineral Resources Mining Industry Mining Investment mining sector NEOM Renewable Energy Saudi Arabia Saudi Arabia Logistics Saudi Arabia Mining Saudi Vision 2030 Solar Energy Solar Power solar projects supply chain Sustainability Sustainable Development sustainable energy Vision 2030 wind power استثمار الخدمات اللوجستية في السعودية السيارات الكهربائية المملكة العربية السعودية تخزين الطاقة بالبطاريات سلسلة التوريد

Follow Us

Follow us on social media:
Recent News
Recent Posts
  • Samtah Solar PPA: 600 MW deal powers Saudi push
  • KEPCO wins Saudi wind project in 4.5 GW awards
  • Korea-Saudi industrial cooperation under Vision 2030
Categories
Categories
  • Climate
  • Energy
  • Industry
  • Logistics
  • Mining
  • Supply chain
Newsletter
Subscribe to our mailing list to receives daily updates direct to your inbox!
All rights reserved for the National Industrial Development and Logistics Program
  • Home
  • Privacy Policy
No Result
View All Result
  • Home
  • Industry
  • Energy
  • Mining
  • Logistics
  • Supply chain
  • Privacy Policy

All rights reserved for the National Industrial Development and Logistics Program