The French aerospace group Safran on Monday launched its new LEAP engine maintenance and repair site, in the presence of King Mohammed VI. It also announced the establishment of a new LEAP-1A assembly line in Casablanca.
In Morocco, three multinationals suspected of having exploited the temporary admission regime, a tax mechanism intended to encourage industrial exports, to avoid the payment of customs duties and taxes estimated at several billion dirhams, are in the sights of the Administration of Customs and Indirect Taxes (ADII). It has launched a large-scale audit operation.
Morocco, one of the main emerging hubs in the electric car industry and their export to the European market, is now facing competition from Turkey.
Morocco is lagging behind in a very lucrative market: aircraft cemeteries. A call for tenders launched by ONDA for a recycling center is at a standstill. The blockage would be linked to the availability of land.
The multinational Italian-French-American automotive group, under Dutch law, Stellantis, is relying on Moroccan labor for the production of its "Grande Panda" model, which has very high demand.
Rajnath Singh, the Indian Minister of Defense, has arrived in Morocco for, among other things, the inauguration ceremony of the first Moroccan factory dedicated to the manufacture of wheeled armored platforms, called Tata Advanced Systems Morocco (TASM), in Berrechid.
Over the years, Morocco has become a global commercial and industrial power, an essential hub connecting Europe, Africa and Asia, thanks in particular to massive investments, modern infrastructure and strategic choices.
A drink made with date pits. This is what Ayoub Belemlih proposes to replace coffee. A 100% natural espresso, without caffeine or theine.
In just one decade, Morocco has doubled its vehicle production capacity, reaching one million units per year by 2025. Through this performance, the kingdom is establishing itself as a key player in the global automotive industry and is proving to be a serious competitor for Spain and Europe.
Due to administrative and political blockages, the Ouezzane-Larache region has just lost a 12 million euro investment opportunity that should have generated 300 direct jobs.
Present in Casablanca since 2014, a Spanish group providing R&D and industrial engineering services has just ended its activities.
Benefiting from its strategic geographical proximity to Europe and its low-cost labor force to attract investments, Morocco is gradually establishing itself as a global automotive power.