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: February 6, 2016
INTERNATIONAL. PMI: The high cost of low performance shows need for stronger worldwide implementation of project, program and portfolio management.
date:Posted: February 6, 2016
UAE. S&P expects Abu Dhabi's government balance will worsen further based on the ratings agency's updated oil price assumptions; However, the emirate's large net asset position will continue to give it a considerable buffer to support the economy; Continued structural and institutional weaknesses anticipated.
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INTERNATIONAL. "Saudi regional leadership amounts to exploitation of a window of opportunity rather than reliance on the assets and power needed to sustain it. That window of opportunity exists as long as the obvious regional powers - Iran, Turkey and Egypt - are in various degrees of disrepair."
UAE. S&P expects Abu Dhabi's government balance will worsen further based on the ratings agency's updated oil price assumptions; However, the emirate's large net asset position will continue to give it a considerable buffer to support the economy; Continued structural and institutional weaknesses anticipated.
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