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Automotive industry: More than 250 equipment manufacturers installed in Morocco

Morocco has been ranked, according to Agency Fitch, the fifth largest foreign exporter to Europe with an installed capacity of 700,000 vehicles, making it the No. 1 in Africa.

The integration rate of the automotive industry is 60%. More than 250 equipment manufacturers have already settled in Morocco, forming an automotive ecosystem backed by the Renault-Nissan and PSA plants.

In addition, the automotive sector’s exports increased from MAD 14.7 billion to nearly MAD 65.1 billion at the end of 2018, representing a net average increase of 14.5% per year.

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