Shanghai Auto Parts said it plans to set up a production plant in Morocco, which boasts an expanding automotive sector that is adapting to the needs of the electric vehicle industry. The plant would cost some 130 million dollars or 1.3 billion dirhams, the company said in a statement. The plant, to be called Shanghai […]
Political crisis is continuing to do damages to the Tunisian economy and rating agencies have been continuously rating it negatively due to political uncertainty. The country is on the verge on facing the same foreign currency reserves that Egypt is going through before the intervention of Qatar lately, sources revealed. Qatar National Bank is reported […]
French company Faurecia, a world leader in car parts manufacturing, is planning to build in Morocco its third plant specialized in car interiors and emissions control devices. The plant will open its doors next year in the coastal city of Kenitra, Faurecia Chief Executive Patrick Koller said in a statement, following the inauguration of the […]
