The plant will be installed in the M-3 Industrial City in Faisalabad which has the largest special industrial zone of Pakistan.
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 state of the art factory, This project will bring significant foreign direct investment to Pakistan, and also create many direct and indirect jobs.”
The next key milestone for the Al-Futtaim Renault Pakistan project will be the creating dealership networks across the country, which reflects both Al-Futtaim and Renault brand values.
Al-Futtaim Renault Pakistan project CEO Yasser Alvi said;
“We will bring cutting-edge and leading European technology to the Pakistani consumer through a modern distribution and dealership network with the focus on engaging customers through unique and memorable experiences and great service.
The design and pre-engineering work of the project is well underway, and on-site activities will start shortly. The formal launch of the facility construction will be in the fourth quarter of 2018.
Once construction work is completed, the plant will have total production of more than 50,000 units per year. Al-Futtaim and Renault expect that the factory will start production in 2020.