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FINANCIAL NEWS
Renault’s Algerian car assembly plant moving ahead
05 Nov 2012
(MENAFN) French minister for industrial renewal, Arnaud Montebourg, stated that the establishment of Renault’s car assembly plant in Algeria is making headway, reported Xinhua News.
The framework agreement on the installation of the factory in the North African country was signed on May 25, following 15 months of negotiations.
Nevertheless, the joint venture, planned to be installed by mid-September, is yet to be established.
It is worth noting that the Renault plant is expected to produce 75,000 cars on annual basis that would be increased to 150,000 units eventually.
More News
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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