Morocco's Riad Motors plans Chinese vehicle plant

Riad Motors Holding, Morocco's leading family-owned importer and distributor of heavy trucks and utility cars, will open this year the biggest China-made vehicle assembly plant in North Africa, Riad said on Monday.

The Rabat government wants to make Morocco into a hub for the car industry, as it maximises its free trade agreements with the European Union and United States and several Arab countries.

"The company will invest 275 million dirhams ($37.41 million) in the assembly plant. The plant will go on stream by the end of June, 2008," it said in a statement.

BCAS