Arab Today, arab today peugeot to build €557m morocco auto plant
Last Updated : GMT 20:57:26
Arab Today, arab today
Arab Today, arab today

With annual production capacity of 90,000 units

Peugeot to build €557m Morocco auto plant

Arab Today, arab today

Arab Today, arab today Peugeot to build €557m Morocco auto plant

Employees in painting workshop at French auto maker PSA Peugeot Citroen's factory
Rabat - Arab Today

French automotive giant PSA Peugeot Citroen said Friday it will build a 557 million euro ($632 million) automobile factory in Morocco with an annual production capacity of 90,000 units.

The plant, due to open in 2019 north of Rabat, will cater for "the needs of the region and of Moroccan customers," a statement said.

Chairman Carlos Tavares signed an official agreement with Industry Minister Moulay Hafid El Alamy in the presence of King Mohamed VI at his palace in the capital, an AFP journalist said.

The group said the plant "will by 2019 assemble engines and vehicles in the B and C segments" -- compact and mid-sized cars, the mainstay of Morocco's automobile industry.

"With a capacity of 90,000 engines and vehicles to begin with, this industrial unit will eventually produce 200,000 units a year, when demand requires," it said.

Alamy said the new factory would create 4,500 full-time and provide indirect employment for up to 20,000 workers.

PSA said it was "today preparing the conditions to realise its commercial ambition (to produce) a million vehicles in the Middle East and Africa region by 2025".
Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today peugeot to build €557m morocco auto plant Arab Today, arab today peugeot to build €557m morocco auto plant

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today peugeot to build €557m morocco auto plant Arab Today, arab today peugeot to build €557m morocco auto plant

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday