First Independent Mena Newspaper
Morocco’s modernisation is an inspirational success. The country has built world-class ports, attracted tens of billions in investment, and positioned itself as a bridge between Africa and Europe—and between East and West, says Modern Diplomacy magazine in its latest edition. Since 2020, the country has drawn about $40 billion in greenfield manufacturing investment, becoming the […]
Morocco’s economic geography reveals a tale of two countries: thriving coastal hubs generating most national wealth while interior regions struggle with decline, according to new regional accounts from the High Commission for Planning. Casablanca-Settat remains the undisputed economic powerhouse, contributing 31.4 percent of national GDP and over a quarter of household consumption. Yet this dominance […]
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 […]
Following the high instructions of King Mohammed VI, Supreme Commander and Chief of General Staff of the Royal Armed Forces, the joint Moroccan-US exercise “African Lion 2021” will take place on June 7-18, 2021, in the regions of Agadir, Tifnit, Tan Tan, Mehbes, Tafraout, Ben Guerir and Kenitra, and will involve thousands of troops from […]
King Mohammed VI chaired, on Thursday in the integrated industrial platform “Atlantic Free Zone”, in the commune of Amer Saflia (province of Kenitra), the inauguration of the new French automaker PSA Peugeot plant worth €557 million. The group’s industrial project in Morocco is based on the creation of a complete automotive ecosystem. Construction work […]
Magna, one of Canada’s largest automobile parts manufacturers, has launched construction works for the building of a new facility in Kenitra, Morocco, to supply global automakers with exterior and interior mirror systems. The 61,400-square-foot facility represents an investment of $11.3 million by Magna and is expected to create up to 275 jobs. Production at the […]
Morocco is on its way to become the world’s third largest producer of aluminum wheels as it continues to attract investments by world automotive industry giants. On July 26, China’s Citic Dicastal signed a deal with the Moroccan government to build two plants for auto wheel production in Morocco with an investment of €350 million […]
The European Bank for Reconstruction and Development supports SDX Energy Morocco with a loan of up to €10 million to finance the enhancement of upstream gas production and related gas transport infrastructure to Kenitra industrial zone customers, facilitating the switch away from polluting fuel oil. Eric Rasmussen, director of the EBRD’s Natural Resources team said: […]
Spanish car parts maker, Ficosa, will start operating its Moroccan plant specializing in producing in-vehicle cameras on March 20, the company said. The Catalonia-based Ficosa, which has been sold to Japan’s Panasonic last July, has completed the plant for a total cost of €30 million. The plant, which will offer 800 direct jobs by 2020, […]
Morocco’s automotive ecosystem is expanding and attracting more and more investors, upbeat over the North African Kingdom’s growth potentials in this very competitive sector. Among these investors, Nexteer automotive, which has unveiled plans to set up a new production facility in Kenitra, about 40 km to the north of Rabat. In a first stage, Nexteer […]