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Reaching 70 countries.. Morocco increases its car exports to 700,000 annually economy

manhattantribune.com by manhattantribune.com
20 November 2024
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Reaching 70 countries.. Morocco increases its car exports to 700,000 annually economy
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Moroccan Prime Minister Aziz Akhannouch said that his country leads African countries in car production by exporting 700,000 cars annually to more than 70 countries, with revenues exceeding $11.5 billion until October 2024.

Akhannouch pointed out, in a speech during a plenary session in the House of Advisors (the second chamber of Parliament), that “thanks to government efforts, the country has become an important center for the automobile industry in Africa, ranking first on the continent, with an annual production capacity of approximately 700,000 cars.”

Within a few years, Morocco became one of the most prominent African countries that manufacture cars, as the country transformed into an Arab capital for manufacturing and assembling car parts, attracting investments worth billions.

70 countries

Akhannouch pointed out that his country “was able to export cars to more than 70 countries, thanks to a strong industrial fabric that includes more than 250 suppliers of car parts.”

He continued, “This qualitative leap in the sector enabled automobile exports to reach 148 billion dirhams ($14.8 billion) in 2023, an increase of 28% compared to 2022.”

Morocco has become the first exporter of cars in Africa (Al Jazeera)

Electric cars

The Moroccan Prime Minister explained that automotive industry exports “continue their upward trajectory, achieving revenues exceeding 115 billion dirhams ($11.5 billion), up to the end of October 2024, an increase of 7% compared to the same period in 2023.”

He added, “In the context of the transformation that the world is witnessing towards electric mobility, the government has worked to keep pace with these changes to make the country a leader in manufacturing electric cars, as three types of these cars are currently being manufactured in the country.”

On July 12, Morocco announced the manufacture of the first hybrid car (powered by gasoline and an electric motor) in the city of Tangier, for the first time in the country’s history.

In June 2020, the French company Citroën announced the manufacture of the first electric car at its factory in the Moroccan city of Kenitra, and on December 21 of the same year, Rabat unveiled a model of a locally produced electric car charging station.

Morocco also announced, in September 2021, the start of production of Renault’s first electric car at the Tangier factory.

Tags: annuallyCarcountrieseconomyexportsincreasesMoroccoreaching
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