The Moroccan automotive industry has every reason to delight! In its latest report on the African Continental Free Trade Area (AfCFTA), the World Economic Forum is full of praise for Morocco’s experience and success in the automotive industry. Entitled ‘Connecting countries and cities for regional value chain integration: operationalising the AfCFTA’, the report positions Morocco as an example for African countries to follow.
Several factors lie behind the remarkable growth of the automotive industry in Morocco, which is organised around six ecosystems (wiring, vehicle interiors and seats, metal stamping, automotive batteries, engines, and truck and industrial vehicle bodies), in collaboration with major global equipment manufacturers. According to the Forum, the success of these hubs can be attributed to the implementation of customised financial services for local and foreign investors in the automotive industry.