Strengthened by its geopolitical position and its potential, Morocco has established itself as a spearhead for the automobile industry on the continent. The country is cited as the number 1 in the sector, thus outclassing South Africa.
Despite the global economic situation, the Moroccan automotive industry has recorded strong growth in recent years. A progression that is not about to stop, since Morocco is in the process of becoming one of the largest car manufacturers in the world.
According to the Sky News Arabia television channel, the country has become the first African country in the field of car manufacturing, positioning itself on the list of the top ten countries in the sector, not only in terms of the number of cars produced, but also at the level of the local integration rate which amounts to 60%.
In detail, exports of the Kingdom’s automotive sector increased by 4.1% in February 2021, reaching a value of around 15.74 billion dirhams, noting that the volume of sector exports at the end of 2021 reached nearly of 22 billion dirhams, against 16 billion dirhams in the third quarter of 2020, an increase of 40%, according to the foreign exchange office.
These figures are strong indicators of the attractiveness and flexibility of the Moroccan platform of the automotive sector, which, despite the difficult global economic situation, has managed to maintain its competitiveness and preserve the confidence of global players in the sector, and to quickly recover its momentum with the economic recovery, writes Sky News Arabia.
