Morocco Has Played a Leading Role in Automotive Industry

Photo from Morocco World News

According to the report, Morocco has played a prominnent role in the developmemt of automotive industry.

Morocco is also becoming a key supplier for European auto factories, "including Ford Motor Co.’s F 0.22% high-tech plant in Valencia, Spain, which imports car seats, interiors, wiring and other components from Morocco."

The report also predicted that car production on the continent, along with the Middle East, is "on road to outpace US and Europe."

Morocco is also expected to produce more cars each year than Italy.

Morocco has attracted several renowned automotive firms, including the Renault and Peugeot, to open plants in Morocco.

Renault has more than 40 percent of the market share in the region with two assembly plants, according to the Wall Street Journal.

In September, Africa Intelligence said that Morocco is also keen to attract German giant automobile manufacturer Volkswagen.

The news outlet said that the company "is putting the finishing touches to a business plan for the establishment of an assembly plant in the country."

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