Morocco Unseats South Africa as Africa’s Top Car Producer- Wall Street Journal
Morocco topped the podium of the biggest car producers in the African continent, outpacing South Africa, the Wall Street Journal reported.
In 2017, Morocco’s two leading car factories in Tangier and Kenitra achieved a joint output of 376,000 cars, worth 70 billion dirhams. In South Africa, only 331,000 cars were made the same year.
Between 2014 and 2017, total jobs created in the automotive sector in Morocco rose to 83,845.
Last month, media reports said talks are ongoing between Morocco and the German car giant Volkswagen to set up a plant.
Morocco raised its automotive industry target to 1 million vehicle by 2025 in light of the positive results shown by the sector, which is a valuable source of foreign currency for the country and which could generate 200 billion dirhams.
Cars dominated Morocco’s exports in the first six months of 2018 with 35.973 billion Dirhams, as the country continues to attract automotive investments.