Morocco has made the automotive sector a pillar of its industrial strategy attracting large-scale investments by world giants such as Renault and PSA. Nevertheless, cars and car parts are still top Morocco’s industrial exports by 28 billion dirhams ($3bln) ahead of phosphates and fertilizers with 24 billion dirhams. Certainly, the coronavirus has negatively impacted the Moroccan automotive industry but it also offered opportunities for strengthening the country’s competitiveness. Morocco strives to improve its competitiveness in order to outperform India and China as the most attractive hub for automotive investments, Industry Minister Moulay Hafid El Alamy said. Jobs created in the automotive sector reached 116,000 by mid-2019, while the part of locally produced parts in Renault and PSA cars stand at an average of 50%.

Source: The North Africa Journal August 14, 2020 00:11 UTC