Inauguration of car manufacturing plant Renault in Oran

GMT 03:41 2014 Tuesday ,11 November

Arab Today, arab today Inauguration of car manufacturing plant Renault in Oran

Car manufacturing plant Renault
Oran - APS

Prime Minister Abdelmalek Sellal inaugurated Monday car manufacturing plant Renault in Ouled Telat, Oran (432-km west of Algiers).  
The inauguration ceremony was attended by two French senior officials, namely the minister of Foreign Affairs and International Development, Laurent Fabius, the minister of Economy,Industry and Digital Data, Emmanuel Macron, and the CEO of Renault Group, Carlos Ghosn.
Set up over an area of 151 hectares, in Oued Tlelat, in the south of Oran, the project has cost so far nearly EUR50 million, and is expected to raise investments until EUR800 million on the mid-term.
The goal set is to reach a national integration rate of 42% by 2019, however, the first car produced in Algeria's plant, and which will include some spare parts manufactured locally, has allowed achieving an integration rate of 17%, to be brought to 25% in 2015.

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