Saudi NTC advances $1.2 billion tire plant project
Saudi Arabian National Tire Co. is in the final stages of awarding the construction of its $1.2 billion tire production plant to an EPC contractor, according Farid Dudin, general manager of Victoria Trading FZCO and head of the tire plant project.
Among the top bidders is South Korea’s Samsung Engineering, Dudin said at the Tire Technology Expo, held Feb. 21-23 in Hanover, Germany.
“The EPC contractor will be fully-involved as an EPC contractor, but we will be in charge of selecting the machinery,” Dudin said.
The scope of the project has expanded to $1.2 billion from the original $1 billion, announced in January.
According to Dudin, the machinery will cost $800 million, and an additional $400 million has been set aside for land, construction, and other EPC costs.
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