22 Jun 2015
(MENAFN) PSA Peugeot Citroen, the French automobile maker, is ready to construct a USD630 million factory in Morocco in order to reduce its costs and its dependence over Europe, Reuters reported.
The factory at the coastal city of Kenitra will start assembling small and subcompact models for Africa and the Middle East in 2019, as Peugeot looks to branch out into lower-cost vehicles and emerging markets, according to the company’s chief executive.
“Africa and the Middle East are historic markets for PSA and the region is expected to become a profitable driver of our internationalization,” CEO Tavares said in a statement on Friday.
24 May 2023
Empowering Success: BBK and BIBF honor 24 graduates of the BBK’s Women on Board Programme
16 Mar 2023
BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
01 Mar 2023
You could be the next lucky winner.. BBK: BD 1.9 million prizes from Al Hayrat this year