Land Rover Aqaba Assembly Plant
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Land Rover Aqaba Assembly Plant
The Land Rover Aqaba Assembly Plant Co., Ltd. is a joint venture between the Land Rover brand, the Shahin Group and Ole Automotive. It was founded on 18 February 2001, and is located in the Aqaba Special Economic Zone of Aqaba in Jordan. There was a capital of 70 million dinar injected to build this plant. About 1,000 workers are employed there, assembling 5,000 units annually. Model currently in production File:2009-2010 Land Rover Discovery 4 TDV6 SE wagon 01.jpg, Land Rover LR4 2009-present Models formerly in production File:1998 Land Rover Discovery II V8 5-door wagon (2010-07-21) 01.jpg, Land Rover Discovery2002-2004 File:2004 Land Rover Discovery 3 TDV6 HSE 2.7 Front.jpg, Land Rover LR32004-2009 File:2008 Land Rover Freelander HSE TD4 Automatic 2.2 Front.jpg, Land Rover LR22008-2014 File:Land Rover Defender front 20080226.jpg, Land Rover Defender The Land Rover Defender (initially introduced as the Land Rover 110 / One Ten, and in 1984 joined by the Land Rover ...
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Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ( ...
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Land Rover
Land Rover is a British brand of predominantly four-wheel drive, off-road capable vehicles, owned by multinational car manufacturer Jaguar Land Rover (JLR), since 2008 a subsidiary of India's Tata Motors. JLR currently builds Land Rovers in Brazil, China, India, Slovakia, and the United Kingdom. The Land Rover name was created in 1948 by the Rover Company for a utilitarian 4WD off-roader; yet today Land Rover vehicles comprise solely upmarket and luxury sport utility cars. Land Rover was granted a Royal Warrant by King George VI in 1951, and 50 years later, in 2001, it received a Queen's Award for Enterprise for outstanding contribution to international trade. Over time, Land Rover grew into its own brand (and for a while also a company), encompassing a consistently growing range of four-wheel drive, off-road capable models. Starting with the much more upmarket 1970 Range Rover, and subsequent introductions of the mid-range Discovery and entry-level Freelander line (in ...
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Aqaba
Aqaba (, also ; ar, العقبة, al-ʿAqaba, al-ʿAgaba, ) is the only coastal city in Jordan and the largest and most populous city on the Gulf of Aqaba. Situated in southernmost Jordan, Aqaba is the administrative centre of the Aqaba Governorate. The city had a population of 148,398 in 2015 and a land area of . Today, Aqaba plays a major role in the development of the Jordanian economy, through the vibrant trade and tourism sectors. The Port of Aqaba also serves other countries in the region. Aqaba's strategic location at the northeastern tip of the Red Sea between the continents of Asia and Africa has made its port important over the course of thousands of years. The ancient city was called ''Elath'', adopted in Latin as ''Aela'' and in Arabic as ''Ayla''. Its strategic location and proximity to copper mines made it a regional hub for copper production and trade in the Chalcolithic period. Aela became a bishopric under Byzantine rule and later became a Latin Catholic titu ...
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Jordanian Dinar
The Jordanian dinar ( ar, دينار أردني; ISO 4217, code: JOD; unofficially abbreviated as JD) has been the currency of Jordan since 1950. The dinar is divided into 10 dirhams, 100 qirsh (also called piastres) or 1000 fils (currency), fulus. It is pegged to the US dollar. The Central Bank of Jordan commenced operations in 1964 and became the sole issuer of Jordanian currency, in place of the Jordan Currency Board. The Jordanian dinar is also widely used in the West Bank alongside the Israeli new shekel, Israeli shekel. History In 1927, the British administration of the Palestinian Mandate established the Palestine Currency Board which issued the Palestine pound which was the official currency in both Mandatory Palestine and the Emirate of Transjordan. Though Jordan became an independent kingdom on 25 May 1946, it continued to use the Palestinian pound for a while. In 1949, it passed the Provisional Act No. 35 of 1949, which established the Jordan Currency Board as the s ...
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Land Rover LR4
Land, also known as dry land, ground, or earth, is the solid terrestrial surface of the planet Earth that is not submerged by the ocean or other bodies of water. It makes up 29% of Earth's surface and includes the continents and various islands. Earth's land surface is almost entirely covered by regolith, a layer of rock, soil, and minerals that forms the outer part of the crust. Land plays important roles in Earth's climate system and is involved in the carbon cycle, nitrogen cycle, and water cycle. One-third of land is covered in trees, 15% is used for crops, and 10% is covered in permanent snow and glaciers. Land terrain varies greatly and consists of mountains, deserts, plains, plateaus, glaciers, and other landforms. In physical geology, the land is divided into two major categories: mountain ranges and relatively flat interiors called cratons. Both are formed over millions of years through plate tectonics. A major part of Earth's water cycle, streams shape the landscape ...
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