Morocco WB creating Markets

Morocco reaps benefits of car industry strategy

One dirham in two received out of industrial exports are generated by the car industry sector which topped Morocco’s industrial exports in 2018 taking 44.5%. The sector employs 85,00 people as the automotive sector’s clusters continue to expand pushing car exports above phosphates and tourism revenues. These achievements are all thanks to the industrial acceleration […]

BMW signs 5-year cobalt supply deal with Morocco’s Managem

The German automaker, BMW, said Thursday that it plans to buy cobalt for the production of its electric vehicles from Moroccan mining company Managem Group as part of a five-year contract worth around €100 million ($113 million). The deal follows a memorandum of understanding on the direct purchase of cobalt signed between the two parties […]

Commodities imports deepen Morocco’s trade deficit up to Feb 2022

Morocco’s trade deficit rose 57% up to February this year, due to a surge of commodities prices in the international market. Tensions in the black sea and the loss of Ukrainian and Russian commodities and wheat exports sent prices skyrocketing hitting the finances of import-reliant states. For example, Morocco’s ammonia imports, used in the production […]