Dubai PR Network, Online Press Release from Dubai and Middle East
 
Automobile & Motoring(Automobile)
Filter PR by
  
Al-Futtaim Renault Pakistan confirms Faisalabad home to new car manufacturing plant
 
Al-Futtaim completes land acquisition
 
Dubai, United Arab Emirates, June 12, 2018:   Al-Futtaim today announced the acquisition of an industrial plot of land to set-up a brand new automotive plant for the exclusive manufacture/assembly of Renault vehicles in Pakistan.
 
The world-class facility will be set up at M-3 Industrial City in Faisalabad, which is strategically located in the country and is Pakistan’s largest Special Economic Zone. 
 
“Al-Futtaim is fully committed to the Pakistani market and to this project,” said Colin Cordery, Senior Managing Director of Al-Futtaim Automotive International. “We, together with Groupe Renault, are delighted to have completed the land acquisition, which is an important milestone in the project. We believe this to be the optimal location for the manufacturing and assembly plant, and look forward to working with Faisalabad Industrial Estate Development & Management Company (FIEDMC) to develop a world-class and modern factory here. This project will bring significant Foreign Direct Investment to Pakistan, and also create many direct and indirect jobs.”
 
“The land acquisition in Faisalabad is an important step in our project with Al-Futtaim Automotive to bring the Renault vehicles to the Pakistani customer”, said Fabrice Cambolive, SVP, Chairman of Africa, Middle-East India Region of Renault. “We look forward to the continuation of the constructive cooperation with Faisalabad Industrial Estate Development & Management Company (FIEDMC) and the federal, provincial and local governments in Pakistan to achieve our goal to establish Renault brand in Pakistan.” 
 
The design and pre-engineering work of the project is well underway, and on-site activities will commence shortly. The formal launch of the facility construction will be in Q4-2018. Once construction work is completed, the state-of-the-art assembly plant will have a total installed capacity of over 50,000 units per annum. Al-Futtaim and Renault expect that the factory will commence production in 2020.
 
The next key milestone for the Al-Futtaim Renault Pakistan project will be the establishment of a dealership network across the country, which reflects both Al-Futtaim and Renault brand values. 
 
“Renault is renowned for the safety and quality of its cars, and we want to develop exactly the same technology and know-how in Pakistan. We will bring cutting-edge and leading European technology to the Pakistani consumer through a modern distribution and dealership network with a focus on engaging customers through unique and memorable experiences and great service,” commented Yasser Alvi, CEO of the Al-Futtaim Renault Pakistan project. “We want to add value to the brand and provide Pakistani consumers with a dynamic and vibrant product offering, tailored to local needs.”
 
Al-Futtaim has built considerable strength and credibility in delivering great customer experiences through its numerous businesses across 29 countries. Al-Futtaim global automotive operations extend to 11 markets across the Middle East, Africa and South Asia, and Pakistan represents one of the most dynamic opportunities in these regions, in particular due to the new Automotive Development Policy.


Posted by : Dubai PR Network Editorial Team
Viewed 2830 times
PR Category : Automobile
Posted on : Tuesday, June 12, 2018  11:18:00 AM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Axalta and Mohamed Naser Al Sayer Toyota Service Body Shop G...
Next Story : Maserati Is Hosting the 5th Edition of Paris-modena, Kilome...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Skyline Book Fair 2018 [10394-Views]
The Bremont Waterman [9852-Views]
Holiday hair: The best product to keep your locks smelling fresh and protected [9577-Views]
ServeU to Take Huge Leap Forward with Smart Cleaning Robots [7741-Views]
Emirates celebrates inaugural flight to London Stansted [7228-Views]
Chronoswiss' Exclusive Limited Edition Flying Regulator Marks 31st Anniversary of Kitzbuhe... [7228-Views]
Blackberry Key2: An Icon Reborn [7174-Views]
Marchon Eyewear Summer 2018 Collections [7174-Views]
The Future Takes The Past Tense [7046-Views]
CSR Initiatives by Malabar Gold & Diamonds continues in full strength [6838-Views]
du Distributes Eid Gifts at Al Jalila Children's Hospital [6820-Views]
Consulate General of India Mr. Vipul came as CHIEF GUEST at the blood donation camp organi... [6332-Views]
DWTC events drive AED 12.7bn in economic value for Dubai, fuelling record 3.3% contributio... [6112-Views]
Al-Futtaim ACE celebrates Eid with exciting offers and activities [6045-Views]
24 hour Mega Sale at Dalma Mall! [5929-Views]
Beauty on the Go [5612-Views]
Purify Your Skin with Skin Republic [5508-Views]
A Sparkling Gift Guide for Eid al-Fitr by Mouawad [5490-Views]
Filorga introduces two new additions to its UV-BRONZE range offering a comprehensive range... [5466-Views]
Al Ghandi Auto brings the most Affordable Electric Vehicle - Chevrolet Bolt EV - to the UA... [5398-Views]
Skin Hydration is one of the primary challenges our skin faces in the UAE [5075-Views]
Rapid renewal of smartphone portfolio brings next generation Nokia 5 and Nokia 3 to fans ... [4837-Views]
New open-air member of the AMG GT family [4734-Views]
Hamdan Bin Mohammed Heritage Center distributes Eidia on first day of Eid [4734-Views]
Abu Dhabi Treats Eid Al Fitr Visitors to Shopping Bonanza with 90% Discounts Across 15 Sel... [4697-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories