Al-Futtaim has acquired an industrial plot of land in Pakistan to set up an automotive plant for assembling Renault vehicles. The facility will be built in M-3 Industrial City in Faisalabad, which is Pakistan’s largest special economic zone.
The design and pre-engineering work of the project is underway, and on-site activities will commence shortly. The formal launch of the facility construction will be in Q4-2018. Once construction work is completed, the assembly plant will have a total installed capacity of over 50,000 units per annum.
Al-Futtaim and Renault expect that the factory will commence production in 2020.
Colin Cordery, senior managing director of Al-Futtaim Automotive International, said: “We believe this to be the optimal location for the manufacturing and assembly plant, and look forward to working with Faisalabad Industrial Estate Development & Management Company (FIEDMC) to develop a world-class and modern factory.”
Fabrice Cambolive, SVP, chairman of Africa, Middle-East, India region of Renault, said: “The land acquisition in Faisalabad is an important step in our project with Al-Futtaim Automotive to bring the Renault vehicles to the Pakistani customer.” Â
