Renault announces new Morocco auto plant
Source: BI-ME , Author: BI-ME staff
Posted: Thu June 18, 2009 11:06 am
china wholesale market

MOROCCO. Auto company Renault will begin construction in September 2009 on a new manufacturing plant at the Tangiers-Med port complex, company chief Carlos Ghosn said after meeting with King Mohamed on Monday in Rabat.

The plant will eventually manufacture 400,000 vehicles, including Renault's low-cost Logan car. The new factory is expected to generate some 6,000 direct jobs and about 30,000 indirect ones, MAP reported.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: February 27, 2015
UAE. In S&P's view, the sharp drop in oil prices since mid-2014 is likely to lead to weakening economic, external, and fiscal profiles for the region, particularly for the GCC.
date:Posted: February 26, 2015
UAE. Collinson Latitude report calls for travel brands to reinvent loyalty schemes as they unveil a new breed of traveller who demand more choice and flexibility.
date:Posted: February 26, 2015
UAE. New report's findings are based on Deloitte Global's review of data from a Facebook-commissioned global survey of 10,500 people who use social media.
BAHRAIN. During an interview with Euromoney Conferences, John Sfakianakis the GCC Regional Director at Ashmore Group, said the milestone decision to liberalise the Saudi Tadawul Index is extremely significant as investors will be able to gain exposure to a formidable oil economy by investing in its market.
dhgate