Al-Futtaim Renault Pakistan has announced the establishment of a car manufacturing plant in Faisalabad. The brand has acquired an industrial plot to move ahead with the process of manufacturing and assembling of Renault vehicles in Pakistan.
“Al-Futtaim is fully committed to the Pakistani market and to this project,” – Colin Cordery, Senior Managing Director of Al-Futtaim Automotive International
“This project will bring significant Foreign Direct Investment to Pakistan, and also create many direct and indirect jobs,” he added
As of now, the design and engineering of the project is underway, it is expected to be formally inaugurated in the 4th quarter of 2018. The plant will have a capacity of 50,000 units per annum and productions will commence in 2020.
“Renault is renowned for the safety and quality of its cars. We will bring cutting-edge and leading European technology to the Pakistani consumer through a modern distribution and dealership network,” -Yasser Alvi, CEO of the Al-Futtaim Renault Pakistan
It will open at M-3 Industrial City in Special Economic Zone Faisalabad.
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