Renault Trucks eyes opportunities in Iraq
Ravaged by years of conflict, political instability and now the growing threat of extremism, it goes without saying that Iraq's economy has been dealt severe blows. Last November, Al Jazeera reported the country’s financial sector faced a recession because of the war between its security forces and extremist group Daesh. Given this bleak scenario, it […]ME Construction News reports :
Ravaged by years of conflict, political instability and now the growing threat of extremism, it goes without saying that Iraq's economy has been dealt severe blows. Last November, Al Jazeera reported the country’s financial sector faced a recession because of the war between its security forces and extremist group Daesh. Given this bleak scenario, it would be understandable if international companies were to scale back operations as the security crisis continues to worsen.
Renault Trucks, however, is not giving up on Iraq just yet. Following the opening of a production plant for its C, K and D ranges in 2013, the French manufacturer recently appointed Sunflower General Trading Company as the exclusive distributor for its vehicles in the country. The agreement appears to be a clear announcement of the brand’s plans for Iraq: to stay firmly rooted in the country and even expand operations going forward.
