Wednesday 9 May 2018
Last update on Wednesday, May 9, 2018 At 10:59 AM
Aiming at producing 600.000 vehicles by 2020 and 1 million five years later, the automotive industry in Morocco could be the key-sector for local economy’s future.
After becoming the leader of cars industry in Africa, Morocco is known seeking to enter the exclusive club of the automotive industry all-stars.
The government enhanced a new strategy to raise the automotive industry target to 1 million vehicles by 2025, with revenues expected to reach 17 billion euros.
The sector which is already moving forward at a steady pace could produce 600.000 cars and generate an income of around 8,5 billion euros by 2020.
During 2014 – 2017 period, the automotive sector allowed the creation of 83,845 job opportunities.
Discover out our latest videos about the economic news in Morocco :
React to this article