Jaguar Land Rover is looking to build an assembly plant in Saudi Arabia at a reported cost of up to £1 billion ($1.6 billion). The U.K. luxury auto maker owned by India’s Tata, has signed a letter of intent with the Saudi National Industrial Clusters Development Program and is studying the feasibility of setting up the facility. JLR says the Saudi government has expressed its intention to initiate, develop and support the automotive industry and sees the auto maker as a ...

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