Renault to join offshore push with Algeria plant



Renault, the French car maker, is to build its next factory in Algeria, news reports in France say. The factory would boost Algeria's industrial development plans and strengthen its role as a growing offshore centre for European manufacturing. Yesterday, Aabar Investments of Abu Dhabi announced it would decide soon on similar plans for Algeria, in partnership with five German companies including Daimler and MAN Ferrostaal.

Renault would build the factory at Rouiba, on the outskirts of the capital Algiers, and would assemble the Logan and Sandero models, sold under the Dacia marque, as well as the Symbol, which is now built in Turkey. A spokesman for Renault said no discussions had been concluded in Algeria but the group was observing what was going on in a number of countries. Renault, founded in 1898, sells its vehicles in 118 countries under three brands: Renault, Dacia of Romania, and Renault Samsung Motors in South Korea.

More than a third of its sales are made outside of Europe and the plans for an Algerian factory are seen as a way to boost the car maker's presence in North Africa. In 1999, Renault formed an alliance with Nissan, and together they are the world's fourth-largest car company. To conform with Algerian regulations, Renault would have a 49 per cent stake in the new venture, partnering with the state-owned SNVI, although the French maker would run the site.

"It couldn't maintain this level without a local investment," Le Monde, the French newspaper, quoted a diplomat as saying. The project has yet to be given approval from Algerian authorities but it would help the country's ambition to build up a car industry. Renault holds top position in the Algerian car market. It sold 17,000 Dacia vehicles and 39,000 Renaults last year, giving it almost a quarter of the market. In the UAE, Renault has often sought creative ways to market its vehicles, unveiling its 2009 Koleos, an off-road vehicle, on the artificial snow slopes of Ski Dubai in the Mall of the Emirates.

* with Reuters @Email:igale@thenational.ae

How Filipinos in the UAE invest

A recent survey of 10,000 Filipino expatriates in the UAE found that 82 per cent have plans to invest, primarily in property. This is significantly higher than the 2014 poll showing only two out of 10 Filipinos planned to invest.

Fifty-five percent said they plan to invest in property, according to the poll conducted by the New Perspective Media Group, organiser of the Philippine Property and Investment Exhibition. Acquiring a franchised business or starting up a small business was preferred by 25 per cent and 15 per cent said they will invest in mutual funds. The rest said they are keen to invest in insurance (3 per cent) and gold (2 per cent).

Of the 5,500 respondents who preferred property as their primary investment, 54 per cent said they plan to make the purchase within the next year. Manila was the top location, preferred by 53 per cent.

Living in...

This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.

Tips for avoiding trouble online
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Your rights as an employee

The government has taken an increasingly tough line against companies that fail to pay employees on time. Three years ago, the Cabinet passed a decree allowing the government to halt the granting of work permits to companies with wage backlogs.

The new measures passed by the Cabinet in 2016 were an update to the Wage Protection System, which is in place to track whether a company pays its employees on time or not.

If wages are 10 days late, the new measures kick in and the company is alerted it is in breach of labour rules. If wages remain unpaid for a total of 16 days, the authorities can cancel work permits, effectively shutting off operations. Fines of up to Dh5,000 per unpaid employee follow after 60 days.

Despite those measures, late payments remain an issue, particularly in the construction sector. Smaller contractors, such as electrical, plumbing and fit-out businesses, often blame the bigger companies that hire them for wages being late.

The authorities have urged employees to report their companies at the labour ministry or Tawafuq service centres — there are 15 in Abu Dhabi.

Things Heard & Seen

Directed by: Shari Springer Berman, Robert Pulcini

Starring: Amanda Seyfried, James Norton

2/5

Islamic Architecture: A World History

Author: Eric Broug
Publisher: Thames & Hudson
Pages: 336
Available: September

 

 

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Part three: an affection for classic cars lives on

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

UAE currency: the story behind the money in your pockets
if you go

The flights

Fly to Rome with Etihad (www.etihad.ae) or Emirates (www.emirates.com) from Dh2,480 return including taxes. The flight takes six hours. Fly from Rome to Trapani with Ryanair (www.ryanair.com) from Dh420 return including taxes. The flight takes one hour 10 minutes.

The hotels

The author recommends the following hotels for this itinerary. In Trapani, Ai Lumi (www.ailumi.it); in Marsala, Viacolvento (www.viacolventomarsala.it); and in Marsala Del Vallo, the Meliaresort Dimore Storiche (www.meliaresort.it).

'Cheb Khaled'

Artist: Khaled
Label: Believe
Rating: 4/5

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Processor: Apple M3, 8-core CPU, up to 10-core CPU, 16-core Neural Engine

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Connectivity: Wi-Fi 6E, Bluetooth 5.3

Battery: 52.6Wh lithium-polymer, up to 18 hours, MagSafe charging

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Audio: 4-speaker system, wide stereo, support for Dolby Atmos, Spatial Audio and dynamic head tracking (with AirPods)

Colours: Midnight, silver, space grey, starlight

In the box: MacBook Air, 30W/35W dual-port/70w power adapter, USB-C-to-MagSafe cable, 2 Apple stickers

Price: From Dh4,599