Morocco Unseats South Africa as Africa’s Top Car Producer- Wall Street Journal - News Summed Up

Morocco Unseats South Africa as Africa’s Top Car Producer- Wall Street Journal


Morocco topped the podium of the biggest car producers in the African continent, outpacing South Africa, the Wall Street Journal reported. In 2017, Morocco’s two leading car factories in Tangier and Kenitra achieved a joint output of 376,000 cars, worth 70 billion dirhams. Between 2014 and 2017, total jobs created in the automotive sector in Morocco rose to 83,845. Last month, media reports said talks are ongoing between Morocco and the German car giant Volkswagen to set up a plant. Cars dominated Morocco’s exports in the first six months of 2018 with 35.973 billion Dirhams, as the country continues to attract automotive investments.


Source: The North Africa Journal October 02, 2018 22:52 UTC



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