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: December 17, 2014
INTERNATIONAL. Russians don't respond to economic pressure as Westerners do. Sanctions reflect European and American thresholds of pain. They are designed to cause pain that the West could not withstand. Applied to others, the effects may vary.
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SAUDI ARABIA. In general, the lack of certainty regarding damages means the litigation risk is significantly higher in Saudi Arabia compared with other jurisdictions. In comparison, however, the level of damages awards remains much lower.
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UAE. CFA Institute's 2015 Global Market Sentiment Survey highlights importance of central bank policies for 2015 market performance, notes concerns about weak developed markets and political instability.
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