Ashok Leyland has set up as a joint venture automobile assembly plant with the Hinduja Group in Ras Al Khaimah and the Ras Al Khaimah Investment Authority. The $50 million plant will cater to markets in the Gulf Cooperation Council, Africa and Europe, according to a report published today by the Jeddah-based Saudi Gazette. Sheikh Saud Bin Al Qasimi, Supreme Council member and ruler of Ras Al Khaimah inaugurated the facility, which will spread over in 100,000 sq m with a built-up area of 20,000 sqm. The factory will have an initial annual capacity of 2,000 buses and trucks, the company said.
