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

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INTERNATIONAL. The trajectory of Japan's economy has much to teach us about the wisdom of Keynesian policies. Those who are not blinded by left-wing dogma should take a good look at where the road of permanent stimulus ultimately leads.
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