The Moroccan government has signed a Memorandum of Understanding (MoU) with the Renault Nissan
The complex will be designed to have a manufacturing capacity of 400,000 vehicles a year, with an initial planned capacity of 200,000 from 2010.
Under the MoU,
A number of investments are planned for the complex, including $600m for the manufacturing capacity, with an initial contribution of $350m, and $200 to $400m to be invested according to the variety of vehicles produced. Ninety per cent of the vehicles would be exported.
The plant will be managed by Renault, and the project is expected to create 6,000 direct jobs and 30,000 indirect jobs.