PARIS: French carmaker Renault SA has signed agreements with Morocco to invest more than US$1 billion and create 50,000 jobs in the North African country, Moroccan Minister of Industry, Trade, & New Technologies Moulay Hafid Elalamy said here teh other day, after the deal was signed in the presence of King Mohamed VI.
Renault said it is optimistic about the deal. The Africa-Middle East-India region is Renault’s top market worldwide outside Europe, with sales there increasing by 16.9 percent last year, according to figures published in January. Sales went up by 11.5 percent in Morocco and by 8.7 percent in Algeria.
