World Bank Group's IFC Partners with Marquardt to Support Advanced Manufacturing and Job Creation in Tunisia
Tunisia, Nov. 4 -- More than 400 jobs are expected to be created in Tunisia over the coming years as Marquardt Group expands its automotive manufacturing operations, increases higher-value production and strengthens the country's role in the global automotive value chain, with support from IFC, the private sector arm of the World Bank Group.IFC is providing up to EUR 52 million to support Marquardt's investment program across three manufacturing facilities in the greater Tunis area. The financing will help expand production of advanced automotive mechatronic components and support working capital needs as the company's operations grow.Tunisia's automotive components industry includes close to 300 companies and directly employs an estimated ...
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