First Independent Mena Newspaper
Morocco’s industrial equipment imports have experienced remarkable growth over the past ten years, reflecting the country’s accelerating transformation into a high-tech manufacturing hub. Imports of finished industrial equipment products jumped from 77.03 billion dirhams in 2014 to 178.88 billion dirhams in 2024, representing a 132% increase. The upward trajectory continued through 2024, with industrial equipment […]
Chinese company Kuntai has said it will invest $13.7 million in a car carpet plant in Morocco which has become a major global player in the automotive industry. The new production site comes to enhance further Morocco’s automotive industrial eco-system. Its main target is the European market. The facility will also promote research, development, production, […]
His Majesty King Mohammed VI, may God Assist Him, delivered, on Tuesday, a Speech to His faithful people on the occasion of the 26th anniversary of the Sovereign’s accession to the Throne of His glorious Ancestors. Here follows the full text of the Royal Speech: “Dear Citizens, Throne Day celebrations provide an annual opportunity to […]
Automotive giant Stellantis has inaugurated a major expansion of its Kenitra manufacturing facility, investing 1.2 billion euros to double production capacity and achieve 75 percent local integration by 2030, reinforcing Morocco’s position as Africa’s leading automotive hub. Prime Minister Aziz Akhannouch, who officiated the July 16 ceremony, emphasized that the project embodies Morocco’s New Investment […]
Morocco has become the largest automotive exporter to the European Union. With a robust growth trajectory in finished vehicle production, the country’s trade with Europe is set to further expand in the coming years, said London-based magazine “Automotive Logistics”. In 2023, Morocco’s automotive exports to the EU saw a substantial increase, reaching a value of […]
Morocco’s automotive exports reached $8.8 billion between January and August this year, a jump of 35.6% year on year, says “FDI Intelligence” in its latest report on the investment opportunities offered in the North African Kingdom. This impressive growth highlights the sector’s leading position in the country’s overall exportation, as it outperforms the sectors of […]
The Moroccan economy has made remarkable progress and impressive export growth, particularly in industrial sectors such as automotive and renewable energies, said Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva. “Morocco has exported 700,000 cars, which shows the country’s upward trend in this highly competitive sector. The North African Kingdom also manufactures aircraft […]
French independent group Utac Ceram, which carries out technical tests required for the approval of vehicles and their equipment, will open a test center in Morocco, according to French business daily leséchos.fr. An agreement will be signed shortly with Moroccan authorities on this center to be operational by mid-2021, added the French news outlet. The […]
It seems that economic cooperation between Morocco and India is gaining momentum since the historic visit paid last year by King Mohammed VI to that giant country. To boost further trade exchanges between the two countries, an Indian business delegation is expected in the North African country next week to explore the possibilities of partnership […]
Representatives from both Moroccan and U.S. business communities will meet Dec.4 in Washington D.C. to discuss ways to increase bilateral trade and enhance business development in sectors such as aerospace, agriculture, automotive, and renewable energy and infrastructure. The business conference, to be convened at the U.S. Department of State in cooperation with the Bureau of […]