MOROCCO TO INVEST €50M TO ESTABLISH PLANT TO PRODUCE LOCAL CARS
Morocco is set to invest €50 million to establish a plant to produce local car brands. The factory will be made with a 100% Moroccan investment, Morocco’s Minister of Trade and Industry Ryad Mezzour said in a recent interview. Through the plant, Morocco is set to produce approximately 3,000 cars per year. The number is set to reach 20,000 units within four years. The project is part of Morocco’s approach to boosting the automotive sector….
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