Renault Signs A Deal To Make And Sell Cars In Pakistan From 2019
Renault has signed a definitive agreement with Al-Futtaim, a global automotive operations company that's present in 29 countries worldwide, to produce and sell vehicles in Pakistan. As part of the arrangement, the French automaker will bring its latest products and technological know-how into the new market. Al-Futtaim, on the other hand, will have to establish a new manufacturing and assembly plant, and to distribute the brand's vehicles, through its new subsidiary, Al-Futtaim Automotive Pakistan (Private) Limited. "Group Renault is delighted to extend its international footprint by entering Pakistan, a fast-growing market with a 10 percent annual growth rate", said the company's Senior VP and Chairman of Africa Middle-East India Region, Fabrice Cambolive. "By partnering with Al-Futtaim, a very professional and renowned automotive partner, Groupe Renault aims to become a major player in Pakistan." "With a population of over 200 million, a ...