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Automobiles: 9 new contracts
01/24/2017 - Général

The Ministry for Industry, Trade, Investment and the Digital Economy has successfully concluded nine new investment contracts with companies operating in the automobile sector. This latest batch of contracts represents total investment of 441 million MAD.

Signed during the 5th edition of the Tanger Med Automotive meeting by the Minister himself, Moulay Haifd Elalamy and the managers of the companies involved, these projects are expected to create 2,122 jobs and generate turnover of 2.27 billion MAD by 2020.

They include projects to expand existing undertakings and to create new companies in fields ranging from car wiring, equipment and accessories, and plastic injection to the manufacturing of acoustic and water-proofing parts, in rubber and plastic.

Source: Infomédiaire