As part of the implementation of the Industrial Partnership signed in June 2015 under the Presidency of His Majesty King Mohammed VI, the Stellantis Group and Morocco have just taken a new step. Indeed, they initialed a new amendment which strengthens their reciprocal commitments in the development of the automotive industrial sector.
In detail, Stellantis is committed to developing the local supplier fabric with growth in purchasing volume in Morocco of 2.5 billion euros in 2023 with an ambition of around 3 billion euros in 2025.
In addition, around 3,000 engineer and senior technician positions will be created in 2022. These highly qualified positions complement the 2,500 production jobs already created at the Kenitra plant. In addition, the development of local integration, with increased competitiveness of sourcing in partnership with the Kingdom, will support investment efforts and ensure the supply of competitive low-carbon energy.
It should be noted that the signing of this agreement comes at a time when the Stellantis Group recently announced that the production of the Opel Rocks-e, an electric vehicle meeting the changing needs of mobility, will be carried out in its factory in Kenitra in Morocco, alongside the Citroën AMI.
A signing ceremony therefore took place in the presence of Moulay Hafid Elalamy, Minister of Industry, Trade and Green and Digital Economy, and Samir Cherfan, Chief Operating Officer Stellantis Middle East and Africa.
“This is a new turning point for the automotive industry in Morocco. This strategic step, which the Stellantis ecosystem is now embarking on, once again consolidates the attractiveness of our national automotive platform and its positioning which has now reached an internationally renowned level of excellence, under enlightened leadership of His Majesty King Mohammed VI”, declared Moulay Hafid Elalamy.
And the minister underlined that “this new agreement is in line with our objectives aimed at making Morocco the most competitive automobile production base in the world and at developing deep local integration and sustainable mobility. The future of the sector looks promising and rich in prospects”.
“We are happy to take this new strategic step in our partnership with the Kingdom of Morocco. After exceeding the objectives set in 2015, this new agreement aims to accelerate the development of the Moroccan automotive sector by contributing to the training of Moroccan personnel and by targeting competitiveness at the best global level”, commented Samir Cherfan, Chief Operating Officer Stellantis Middle East and Africa.