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Renault-Nissan to Invest in Morocco
An accord has been signed by Renault-Nissan with the Moroccan government for what it says will be one of its largest automobile-making operations in the world.
"Renault-Nissan's Tangiers-Med industrial complex, with an investment of 600 million euros (879 million dollars), will have a capacity of 200,000 vehicles by 2010, which should then double," said Christian Esteve, [...]
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Renault-Nissan in Moroccan agreement
Renault-Nissan has signed a preliminary deal with the Moroccan government to build a manufacturing complex in northern Morocco with a capacity of producing 400,000 cars a year.
The French car firm and the North African kingdom will conduct a feasibility study for the plant; Renault-Nissan plans to invest a total of €411 million in the project [...]
Category: Investment Property News
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