Mission in Tangier

The Moroccan government has signed a Memorandum of Understanding (MoU) with the Renault Nissan Alliance for the creation of a new industrial complex in the Tangier region of North Morocco.

The complex will be designed to have a manufacturing capacity of 400,000 vehicles a year, with an initial planned capacity of 200,000 from 2010.

Under the MoU, Morocco and the Renault Nissan Alliance have agreed to carry out a feasibility study for the construction of an industrial complex on a 300 hectare site on the Mediterranean port of Tangier.

A number of investments are planned for the complex, including $600m for the manufacturing capacity, with an initial contribution of $350m, and $200 to $400m to be invested according to the variety of vehicles produced. Ninety per cent of the vehicles would be exported.