Abu Dhabi’s Tawazun To Get A Stake In Russian Luxury Car Project

Abu Dhabi's Tawazun To Get A Stake In Russian Luxury Car Project 1

Abu Dhabi’s Tawazun protecting will take a 36-percentage stake in Russian vehicle maker Aurus, making an investment of 110 million euros ($124 million) in the agency within 3 years, Russia’s industry ministry said in a announcement on Monday. Tawazun turns into the principal Aurus distributor in North Africa and the Middle East, the Russian ministry said. The proportion of Sollers, another Russian vehicle producer, in Aurus will fall to 0. Five percentage because of the deal, it added.

Russian Luxury Car

Aurus is an emblem run through Russia’s Central Scientific Research Automobile and Automotive Engine Institute, referred to as NAMI.

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NAMI owns a sixty-three. Five percent inside the project, which Russia has stated, will see it producing various luxury vehicles designed using a.

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