Morocco is one of the three most promising emerging automotive markets. That, in short, is the result of the study conducted by the Spanish credit insurance company Crédito y Caución. According to the report on this study, Morocco, the Czech Republic and Vietnam are the three countries offering the most commercial advantages to car manufacturers in 2018. If the Kingdom earned this distinction, it is thanks to foreign investors, who have enabled it to make the automotive sector one of its main economic levers. The study also notes that Morocco is the second-largest car manufacturer in Africa, with a production capacity of 345,106 vehicles in 2016 and a year-on-year growth rate of 19.7%. It should be noted that the Kingdom aims, by 2020, to manufacture more than one million vehicles, with an annual turnover of 100 billion DH and 160,000 jobs. An ambitious but achievable goal, considering that vehicles manufactured in Morocco account for more than half of its exports (31.28 billion DH), with growth of 5.1% over one year.
