This project was launched as part of an agreement between the two countries and aims to produce passenger and commercial vehicles.
The factory has production capacities that allow for the output of up to 10,000 vehicles per year, with plans to increase this number to 30,000. The implementation of the project is expected to create more than 1,000 jobs on an area of 4.5 hectares.
The total investment in the project amounts to approximately $50 million and is being implemented in three phases.
To support buyers of vehicles produced at this factory, a "Preferential Auto Loan" program has been initiated, with the following conditions:
- The interest rate is 8% per annum.
- The down payment is 20% of the vehicle's cost.
