First Independent Mena Newspaper
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 […]
Moroccan automotive industry is gaining momentum and growing at a rapid pace due to incentives and competitive factors attracting more and more investors and makers of car parts. These factors include Morocco’s proximity to European market, modern infrastructures, free trade zones, qualified cheap manpower, open economy and stability. French car manufacturer Peugeot-Citroën has just launched […]
Japanese giant Asahi Glass Co. (AGC) has reached an agreement with Induver Holding to set up a joint venture in Morocco specialized in car glass manufacturing. The joint venture is expected to start production in 2019. It will produce laminated glass and tempered glass. It is AGC Group’s first operation in North Africa. The Japanese […]
While Moroccan car industry moves up gear, gaining momentum, creating more jobs and attracting more investment, neighboring Algeria has apparently failed to convince automaker PSA Peugeot Citroen to install in the oil & gas rich country which is plunging in political crisis and socioeconomic turmoil. During the latest visit of French Prime Minister Manuel Valls […]
It seems that Morocco has won another battle against its neighbouring arch-rival Algeria, member of the OPEC cartel. After months of secret negotiations with the two countries, German automaker Volkswagen is believed to have finally picked Morocco to install its new plant following suit of French groups Renault and Peugeot-Citroen. According to sources close to […]
The French carmaker PSA Peugeot Citroen plans to open a plant in Morocco to meet the needs of the Maghreb and other African markets, a source close to the group said, confirming the information published earlier by Bloomberg. The project that could be formalized early June will have an initial capacity of nearly 100.000 units. […]