Morocco’s Car Industry Attracting More & More Investors | North Africa Post
Morocco’s latest success in creating an automotive manufacturing ecosystem, which is boosting the country’s exports and creating jobs:
Canada’s auto parts manufacturer Linamar Corp. is building a US $280 million plant in Morocco wherein car industry is thriving, becoming a leading export sector, attracting more & more foreign investors.
Linamar’s plant is destined to supply engine parts to the new Peugeot factory before expanding to new plants that should open soon in Morocco.
PSA Peugeot Citroen is planning to start production at an approximately $632 million plant near Kenitra, some 40 km to the north of Rabat, in 2019, while French automaker Renault Group announced a plan to invest more than $1 billion in its operations in the country earlier this year…[FULL STORY]