RIYADH, Saudi Arabia -- Toyota Motor plans to launch a feasibility study as early as this year on building a factory in Saudi Arabia as the kingdom ramps up efforts to attract manufacturers and reduce its dependence on oil.
The Japanese automaker will sign a memorandum on the study with the Saudi government after King Salman meets with Japanese Prime Minister Shinzo Abe in Tokyo on Monday. The study is expected to focus on the possibility of producing sport utility vehicles, which are popular in Middle East, in such eastern industrial cities as Jubail.
