GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Automobile

 
  Share
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 : GoDubai Editorial Team
Viewed 10724 times
Posted on : Tuesday, June 12, 2018  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Axalta and Mohamed Naser Al Sayer Toyota Service Body Shop Go Green in Kuwait
Next Story : Maserati Is Hosting the 5th Edition of Paris-modena, Kilometers for Charity!
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Boss Bottled Oud Aromatic and Saffron: the New Enticing Fragrances
Michael Kors Co-hosts the 10th Anniversary of the Annual Filmmakers Dinner
Police Is the Official Eyewear in the Sony Pictures Film “Men in Blacktm: Intern...
Longchamp & Kendall Jenner Celebrate the Launch of the Longchamp Lgp Collection ...
Travel Essentials Guide
Eberhard & Co. pays extravagant tribute to Alfa Romeo with Quadrifoglio Verde ch...
Crazy Diamonds – Tradition With a Twist
Salvatore Ferragamo Features Leather Sunglasses In the Spring/summer 2019 Adver...
Embrace the Spirit of the Holy Month of Ramadan at Yas Mall, The Mall at World T...
Pure Gold Jewellers launches Arabic calligraphy diamond pendants for Eid
A Contemporary Ode to Ancient Metallurgy
Supreme Armenian Patriarch Hails UAE as Global Model of Peaceful Coexistence
Dubai Customs organizes first of its kind Suhur gathering for government female ...
Western Furniture announces Best Buy sale during Ramadan
Celebrate Father's Day With TUMI
Dubai Smart City Accelerator Invites Applications for Third Cohort
Dubai Customs receives WCO executive and showcases best communication practices
Grandweld Shipyards launches tenth boat of KOC fleet
Pogacar Rides Uae Team Emirates' Wave of Success With Gc Win in California
Dubai Investments supports UAE's Women of Determination through social program
Quran Tech by Dubai Culture inspires visitors at The Dubai Mall in a hi-tech way
Game Of Phones: 8 reasons why software should sit on the throne
Um Al Quwain Police and Pure Gold Jewellers unite prisoners with their families ...
Dubai Cares successfully wraps up its Ramadan volunteering initiative with the p...
Celebrate Eid Al-fitr With Limitless Beach Views at Le Meridien Al Aqah
SLC launches ‘Tolerance-related Legislation' awareness initiative to position th...
Dubai Culture gathers the community to support ‘Well of Hope'
Dubai Municipality down Public Prosecution to retain NAS Wheelchair Basketball title
New Discovery Sport: Enhanced for Every Family Adventure
Germany the next step for Nissan e.dams' Formula E Challenge
HP and Siemens Deepen Additive Manufacturing Alliance to Advance Digital Manufac...
W Motors Joins Partner Iconiq Motors at World Intelligence Congress in Tianjin, China
Ministry of Community Development, Etihad Airways And Abu Dhabi Airports Provide...
Dry Hair: Causes & How to Combat It
EEG Environemtnal Drawing Competition 2019
National Geographic Abu Dhabi Announces Sharjah Reserves Documentary Series in p...
The All-new Flying Spur: the Luxury Grand Touring Sedan
Ramadan & Eid celebrations across Abu Dhabi & Al Ain Malls
Saudi's KAUST first Middle East university to chair Europe's supercomputing ISC 2020
"The Family's Happiness and Stability"
Turkish Airlines to Open Five Lounges at the New Istanbul Airport
The American Community School of Abu Dhabi Awards the Haitham Zamzam Al Hammadi Medal
Saif Al Kaabi wins men's open race in NAS Cycling Challenge, 12-year-old Issa ba...
Nissan to equip new Skyline with world's first next-gen driver assistance system
Up Your Haircare Routine with This Protein-Rich Range for Ultimate Hydration
61 percent of employees believe sustainability is mandatory for modern businesse...
Dubai Islamic Affairs and Charitable Activities Department honours sponsors and ...
This Ramadan, experience IKEA at Al-Futtaim Toyota
Bawabat Al Sharq Mall takes visitors back in time with Ramadan Zaman
Jafza to Infuse Aed 1.3 Billion Into Dubai's Economy