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The massive investments in infrastructure are starting to pay off. MaghrebThe region is experiencing a very significant economic boom, so much so that one of its countries just surpassedSouth Africabecoming the leading automobile producer on the African continent.
This country is Morocco ! In fact, the Kingdom is now number one in this sector on the African continent, surpassing South Africa, which has been leading the field for decades. 2024 is a boom year for Morocco, which is expected to open a large number of factories, surpassing and overthrowing its main competitor on the African continent.
Morocco surpasses South Africa
We especially consider factories Renault-Daciain Casablanca and also in Tangier. We also want to StrantisLocated in Kenitra, it produces Peugeot, Citroen and Fiat cars. Full-year car production in 2024 will reach 614,000 units, while South Africa’s car production will be 591,000 units and continue to decline.
A huge increase in imports and numerous problems in the logistics system go some way to explaining why these figures are so bad. On the Moroccan side, massive government investment coupled with foreign private investment means the kingdom is the new El Dorado for brands and manufacturers. Renault also wants to produce 500,000 vehicles or more in Morocco by 2025. !
The Kingdom has many assets to show
The agreement signed with the European Union (and geographical proximity) and numerous tax incentives (among others) are other arguments in Rabat’s favor. According to statistics, by 2033, Morocco’s automobile production will reach or even exceed 1.09 million vehicles, which will make Morocco a world leader.
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