Business Europe Finance Headlines International Morocco

EBRD contributes €12 million for setting up an automotive testing center in Morocco

The European Bank for Reconstruction and Development (EBRD) is strengthening the competitiveness of the private manufacturing and service sector in Morocco with a €12 million loan to Morocco Mobility and Automotive Centre (ATC), a Moroccan company involved in automotive testing. EBRD said in a statement that the funds will help ATC acquire equipment to set […]

Business Europe Headlines International Morocco

Morocco to host Africa’s 1st automotive testing center

French group Utac Ceram and German FEV have chosen Morocco to set up Africa’s first automotive development and testing centre to be operational in 2nd semester 2021. Utac Ceram, a service provider in all areas of land transport, and FEV, a globally leading service provider of vehicle and powertrain development for hardware and software, announced […]