Business Emerging Markets Headlines Morocco

Auto Industry: €50 Mln earmarked for 1st Moroccan car brand for local market

“Neo” is the first Moroccan car brand to be produced for local market with a €50 million investment which will be used for the building of a factory for this project. The announcement has been made by the Minister of Industry & Trade, Ryad Mezzour. He told Saudi newspaper Asharq that the plant is expected […]

Business Headlines Morocco

Morocco to unveil 100% locally made petrol-powered car

Morocco will soon unveil the first 100% locally made petrol-powered car, building on an existing network of suppliers with an affordable cost, industry minister Ryad Mezzour said. Quoted by l’Economist daily, Mezzour said the car, NEO, will be marketed at a competitive price of 170,000 dirhams and that it will find its first customers in […]