The Moroccan ecosystem of the automotive sector will be featured in the 2019 edition of the “FT Future of the Car Summit USA”, a flagship event on the future trends of this industry in the US market, which opens Tuesday in Detroit, Michigan, at the initiative of the prestigious financial daily “Financial Time” with the expected participation of major players in the sector at the global level.
An important Moroccan delegation takes part in this Summit where the Kingdom is guest of honor with the agenda a series of events over two days to present the potential and strengths of the automotive sector in the Kingdom.
This second edition of this professional meeting is organized in partnership with the Moroccan Agency for Investment and Export Development (AMDIE) and the support of the Kingdom Embassy in Washington.
Initiated under the theme: “Leading the mobility revolution”, the summit will be marked by a conference under the theme: “How has Morocco built a sustainable and innovative automotive ecosystem for a sustainable mobility ecosystem?” by the Director General of Industry at the Ministry of Industry, Trade, Green and Digital Economy, Ali Seddiki.
In a note presenting the event, the Financial Times states that Morocco is ranked, according to Agence Fitch, the 5th largest foreign exporter to Europe with an installed capacity of 700,000 vehicles, making it the No.1 in Africa. “Today, the integration rate of the automotive industry is 60%. The design and manufacture of the engines are entrusted by the equipment manufacturers to Moroccan engineers. This was made possible thanks to an ambitious strategy for the sector spread over 5 years,” adds the same source.
In Detroit, a city in the US Midwest known for the strength of its automotive industry that earned it the nickname “The Motor City”, the summit will serve to highlight the many competitive strengths of the Moroccan automotive ecosystem and its attractiveness for foreign investors.
Thus, in the margins of the main conference, a lunch will be also moderated by Mr. Seddiki in the presence of fifteen renowned automotive industry stakeholders invited by the Financial Times on the proposal of Morocco.
As the automotive industry and the world around it evolve, knowledge and preparation will make the difference between success and failure. Also, the FT Future of the Car Summit aims to examine how automakers are preparing to shape the future of the car in the new mobility ecosystem.
The event will bring together high-level personalities to discuss mobility and the future of the car around a dinner inspired by Moroccan cuisine.
The second edition of the Financial Times in Detroit on the automotive industry will bring together a roster of leaders from the automotive ecosystem, especially OEMs and their suppliers.