Industry in Morocco

  • Ethiopia: Praising Record Feat, Lagarde Emphatic Calling for Reforms

    BOTSWANA, 2018/01/06 The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, is to arrive in Addis Abeba today, to start what is a historic visit by the Fund’s most senior official since its founding next the Second World War. She will be talking to Ethiopian authorities, inclunding Prime Minister Hailemariam Desalegn, on issues of macroeconomic stability and monetary policy matters. In her exclusive interview with (Addis) Fortune, Lagarde praised Ethiopia’s economic performance of the completed few years as “strong” with “positive Prospects”. However, she would like to see Ethiopian authorities exercise restraints in “public spending” while urged them – rather emphatically – to control borrowing from overseas to finance public projects and strengthen export competitiveness.
  • Siemens to Invest MAD 1.1 Billion in Tangier’s Automotive City

    MOROCCO, 2016/01/05 German company Siemens plans to build an industrial unit to manufacture wind turbine blades in Morocco’s Tangier’s Automotive City (TAC). The engineering giant will begin construction of the new plant in March 2016 for an estimated cost of MAD 1.1 billion, according to the Regional Investment Center (CRI). The wind turbine blade facility will cover an area of 13 hectares with a production capacity of 600 blades per year and is expected to employ 670 people, L’Economiste reported in its Monday issue.
  • Industry & Trade Diversification: the key to Africa’s future

    CASABLANCA, 2015/12/02 Industry leaders and policy makers seek to tap world price chains The sea change this year in world commodities markets has profound implications for Africa, a continent endowed with an abundance of natural resources and highly dependent on the export of raw materials. With a lot of economists forecasting a difficult panorama ahead for petroleum and metals producers, they are as well drawing on lessons from completed commodity booms. Compared to other regions, Africa has failed to create long-lasting periods of economic evolution and researchers have seen a strong correlation with market shifts. Half of the continent’s cycles of economic expansions have been linked to booming commodity prices, according to the IMF. The other half has been supported by increased competitiveness, a factor that led to additional sustainable increase in the long-term. Today, Africa faces a fundamentally different world economic landscape than the one that drove it to consistent 5% increase over the completed decade. Additional than ever, African governments and private sectors cannot depend so heavily on the vast wealth held within their territories, and must instead look to diversify their industries.
  • Renault factory in Morocco stirs controversy in France

    FRANCE, 2015/07/01 The grand opening of Renault factory in Morocco on Thursday stirs controversy in France. The new facility was opened in Tangiers and is aimed at producing new “low cost”models directed to Europe and Africa. With the approaching presidential elections, the issues was addressed by a lot of politicians. The former French Industry Minister Christian Estrosi accused the CEO of Renault-Nissan of “not keeping his commitments vis-à-vis the French national.” No. 2 in the National Front, Louis Aliot,spoke about a “scandal” resulting from “absolutely crazy system.”
  • PSA Peugeot Citroen plant in Morocco

    FRANCE, 2015/06/25 HM King Mohammed VI of Morocco chaired, on lat Friday in Rabat, the signing ceremony of an agreement between Morocco and French group PSA Peugeot Citroen providing for the setting up of an automobile factory in the integrated industrial platform "Atlantic Free Zone" in the region of Gharb Chrarda Bni Hssen. Next highlighting the positive results of the automobile industry as the initial exporting sector in Morocco in 2014, Minister for Industry, Trade, Investment and Digital Economy Moulay Hafid Elalamy said that the new plant reflects the trust that Morocco enjoys part leading car manufacturing groups.
  • Tangier quickly becoming the African Detroit

    MOROCCO, 2014/11/21 Morocco’s automotive industry has shifted into top gear, experiencing double-digit increase, with exports of cars up 90% so far this year Request for the Sandero, one of Renault subsidiary Dacia’s top selling cars, has skyrocketed in Europe. Sales of the hatchback along with Dacia’s other top-selling model, the Duster SUV, sparked a 24% increase in the company’s sales in the region in the initial half of 2014. To keep up with growing request for the hot-selling hatchback, Renault announced last year that it would increase production at its Tangier plant in Morocco to 400,000 vehicles a year in the coming years, up from 200,000 in 2013 and 60,000 in 2012, at the same time as it opened the factory at a cost of $1.5 billion. Recently, Europe's third-major carmaker said it is considering shifting production of engines to Tangier. "We are thinking about it, but we initial need to have a stronger supply chain on the ground," Renault CEO Thierry Bollore said at an auto show in Paris before this month.
  • MOROCCAN construction firm, Ciments de l'Afrique (CIMAF)

    CASABLANCA, 2014/03/11 MOROCCAN construction firm, Ciments de l'Afrique (CIMAF), said it would construct a EU60 million cement factory in Ghana following the signing of agreement between the company and the West African country's government. The factory would be located in Tema, Ghana's industrial city. Mawuena Trebarh, who represented the Minister of Trade, Haruna Iddrisu, signed on behalf of government while Saad Sefrioui, General Director of CIMAF Ghana Limited, signed on behalf of the Moroccan company.
  • Bombardier starts production in Morocco

    CASABLANCA, 2013/03/06
  • Morocco is intensifying efforts in key industrial sectors

    MOROCCO, 2012/11/30 Within the scope of the National Pact for Industrial Emergence, which aims to create 220,000 new jobs in 2015 and an increase in GDP of 50 billion dirhams, these efforts aim to increase Morocco's exports and diversify its production while creating jobs.