The automobile industry makes Morocco shine throughout the world. The sector is on the rise, accelerated by the relocation of several industrialists who fled the war in Ukraine to settle in the kingdom.
Since the beginning of the conflict, several manufacturers, like the Japanese manufacturer of electrical wires and fiber optic cables Sumitomo Electric Industries and the Irish auto parts company Aptiv have announced their relocation to Morocco.
This choice of several international groups is justified by Morocco’s industrial attractiveness. In recent years, Morocco has steadily gained in importance as a supplier country to the automotive industry. The Kingdom has indeed made countless efforts to ensure that the sector is as solid as it is competitive. And thanks to a strategic geographical position, a skilled workforce and robust industrial ecosystems, the country has today become a true pillar of the automotive industry.
In this context, Fitch Solution hopes that this political support will continue. The signing by BYD of a preliminary agreement for the opening of a factory in the city of Tangier and the arrival of Opel, manufacturer of electric vehicles subsidiary of Stellantis, in August 2021, shows that the country is also attractive to electric vehicle manufacturers.
According to the Production Risk/Reward Index (RRI) ranking (which rates a country out of 100 based on the risks and rewards of automotive-related activities in the country), Morocco remains the second most popular destination in the region. of the Middle East and North Africa for automotive production and 36แต globally.
