22-Jun-19, The North Africa Post
The official opening of French car manufacturer PSA plant in Kenitra bolsters Morocco’s place as an African industrial hub offering international investors sound infrastructure, macro-economic and political stability, qualified work force and competitive ports.
%20The%20North%20Africa%20Post.jpg "Car manufacturing backbone of Moroccos industrial development (c) The North Africa Post")
Image: The North African Post
Morocco unseated South Africa last year from the top of the podium of African car producers. The North African country produced 402,000 cars in 2018 a number which is set to increase as PSA plans to produce 100,000 cars in its Kenitra factory while Renault expects to produce 500,000 in its Tangier and Casablanca plants.
PSA, whose Kenitra factory was officially inaugurated on June 20 by King Mohammed VI, aims at doubling production to 200,000 by 2021 along with 200,000 motorbikes.