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

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: October 29, 2014
UAE. Total wealth in the GCC stood at US$ 1.7 tillion in 2014, up 4.75% from 2013; Total wealth in Saudi Arabia and UAE grew by 5%; Global household wealth up 8.3% to US$263 trillion, driven by the US and Europe, according to Credit Suisse Research Institute.
date:Posted: October 29, 2014
UAE. Significant increase in inflows of private capital into UAE in 2014; UAE seen as hub between Africa and Asia; Political stability remains a major factor driving flows; UAE clear winner in the region, as other GCC countries see net outflows of private capital.
date:Posted: October 28, 2014
INTERNATIONAL. Foreign policy is what a president wishes would happen; foreign affairs are what actually happen; the problem that Obama has, which has crippled his foreign policy, is that his principles have not been defined with enough rigor to provide definitive guidance in a crisis.
UAE. Total wealth in the GCC stood at US$ 1.7 tillion in 2014, up 4.75% from 2013; Total wealth in Saudi Arabia and UAE grew by 5%; Global household wealth up 8.3% to US$263 trillion, driven by the US and Europe, according to Credit Suisse Research Institute.
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