Automotive industry in Morocco shows improvement

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The Kingdom is now become one of the largest automakers.

The latter places Morocco World as 19th largest assemblers of vehicles by 2017.

Automotive industry in Morocco shows improvement

Automotive industry in Morocco shows improvement

Indeed, with 108,743 vehicles in 2012, up 83% compared to the previous year, Morocco dethrones Egypt and become the first automaker in North Africa, the second continent, behind South Africa.

Morocco also offers many benefits to automakers, including labor costs extremely competitive and good transport infrastructure that allow to easily export to Western Europe, the Mediterranean and sub-Saharan Africa, a market booming.

Besides the fascinating conditions for investors, auto manufacturers who follow the example of Renault will enjoy the pool of skilled workers which is created as well as a network of nearly 30 subcontractors and suppliers that citing the interest expressed by some major automakers to settle in Morocco. Exports of automotive recorded the highest increase in the foreign trade of Morocco. The value of exports of the automotive industry grew by 17.5% year-on-year in the first nine months of 2013. Vehicle sales show an upsurge of 58.3% to 8 billion dirhams.

According to a report, production and exports are anticipated to continue to increase even to the recent launch of a new production line by Renault, the majority shareholder of the two major car assembly plants: the Company Moroccan motor constructions (Somaca) near Casablanca, the French group holds 80%, and a factory in the free zone Melloussa Tangier Free Zone, owned by Renault and 52.4% by the Caisse and management (CDG), a public financial institution, up to 47.6%.

Melloussa where cars are manufactured Dacia brand vehicles at low cost Renault has seen a major expansion in October, with the launch of a second line multiplies the capacity of Plant two or 340,000 units, and made ​​it the largest car factory in Africa.

Implementation of the second line in the site Melloussa cost about € 400 million, bringing the total investment received by the site Melloussa to nearly € 1.1 billion

Mohamed Dekkak