Listers Sharing this story as a matter of intrest to those who enjoy the subject of international investment deals. Interesting to note especially if you take into account how many linkages the car and aerospace manufacturing facilities have. country MOUs with leading global players are one way to bring inward high value investment. They can take a long time to structure and negotiate, sometimes years, especially when there is a multi million dollar tag on it. Note that employment targets equals 850 highly skilled Moroccans. Asante. Press Releases Bombardier Aerospace to Establish Manufacturing Capability in Morocco November 16, 2011 — Montréal Aerospace Bombardier Aerospace announced today that it has signed a memorandum of understanding (MOU) with the Government of the Kingdom of Morocco for the establishment of a manufacturing facility in Morocco. The exact site location will be announced at a later date. Bombardier Aerospace intends to invest approximately $200 million US in equipment, buildings and start-up costs over the next eight years. Scheduled to be implemented in phases starting in 2012, Bombardier Aerospace’s new Moroccan facility will initially include sub-assembly capabilities for simple structures. The new facility is scheduled to start manufacturing in 2013. Details on the type of components to be manufactured will be finalized in the coming months. By the end of 2020, employment at the Morocco facility is expected to reach 850 skilled and trained workers. Bombardier Aerospace anticipates that there will be no impact on its current workforce level at other sites as a result of this announcement. “Globalization of our industry has opened up new markets and new opportunities,” said Guy C. Hachey, President and Chief Operating Officer, Bombardier Aerospace. “We have progressively extended our business presence around the world and we are continuing today to better serve our international customers.” “Bombardier Aerospace is committed to a long-term relationship with the Moroccan Government to develop a world-class aerospace industry in the country,” added Mr. Hachey. “By establishing its own fully integrated manufacturing facility in Morocco, Bombardier Aerospace will serve as a catalyst for the aerospace industry in the country and will look for opportunities to share some of its knowledge and complex manufacturing processes.” Bombardier Aerospace chose Morocco for a number of reasons: internationally competitive manufacturing costs, low shipping and transportation costs, proximity to Europe, and the commitment by the Moroccan Government to the development of the aerospace industry. The announcement of this new manufacturing facility in Morocco was made during the Dubai Airshow 2011, where Bombardier is currently showcasing its broad spectrum of innovative products, technical expertise, and superior customer support and aircraft maintenance services. Held in the United Arab Emirates, the Dubai Airshow, the world’s third largest airshow, places an emphasis on the Middle-East, Africa, Europe and India. About Bombardier A world-leading manufacturer of innovative transportation solutions, from commercial aircraft and business jets to rail transportation equipment, systems and services, Bombardier Inc. is a global corporation headquartered in Canada. Its revenues for the fiscal year ended January 31, 2011, were $17.7 billion, and its shares are traded on the Toronto Stock Exchange (BBD). Bombardier is listed as an index component to the Dow Jones Sustainability World and North America indexes. News and information are available at www.bombardier.com or follow us on Twitter@Bombardier. Notes to Editors Follow @Bombardier_Aero on Twitter to receive the latest news and updates from Bombardier Aerospace. To receive our press releases, please visit the Email Subscription and RSS Feed section. Bombardier is trademark of Bombardier Inc. or its subsidiaries. For Information Haley Dunne Bombardier Aerospace +1 514 855 7989 www.bombardier.com Back to top -- Paul Kukubo Chief Executive Officer, Kenya ICT Board PO Box 27150 - 00100 Nairobi, Kenya 12th Floor, Teleposta Towers Koinange Street Tel +254 20 2089061, +254 20 2211960 Fax: +254 20 2211962 website: www.ict.go.ke local content project: www.tandaa.co.ke, www.facebook.com/tandaakenya twitter:@tandaaKENYA BPO Project: www. doitinkenya.co.ke Digital Villages Project: www.pasha.co.ke personal contacts _______________ Cell: + 254 717 180001 skype: kukubopaul googletalk: pkukubo personal blog: www.paulkukubo.co.ke personal twitter: @pkukubo ____________________ Vision: Kenya becomes a top ten global ICT hub Mission: To champion and actively enable Kenya to adopt and exploit ICT, through promotion of partnerships, investments and infrastructure growth for socio economic enrichment