KAMAZ will invest €50 million in the first phase of assembly production in Senegal, as told by the general director of the company Sergei Kogogin to journalists.
“The Senegalese government is currently carrying out the final negotiations with EXIAR (Russian Agency for Export Credits and Investments – RNS), concerning the provision of a state guarantee for the investment planned by KAMAZ. The investment will exceed €50 million in the first stage” – Kogogin said.
KAMAZ has already started the production design, as told by Kogogin. “The government of the company has given us a building with a production site of 10,000 m2 at an industrial park” – Kogogin stated. According to him, the project will be implemented with the participation of a local partner.
The plans of KAMAZ on the organisation of assembly have been announced by DakarActu in March. The company plans to send 400 units of special equipment to the country.
KAMAZ is making assembly production in Kazakhstan, Azerbaijan, Lithuania and India and has plans to update assembly in Iran and Vietnam.