Rabat - Morocco has steadily been creating a name for itself as a manufacturing hub thanks to several competitive advantage, writes «How We Made It in Africa», a platform for African and international investors.
Rabat – Morocco has steadily been creating a name for itself as a manufacturing hub thanks to several competitive advantage, writes «How We Made It in Africa», a platform for African and international investors.
“The country’s geographic location is a competitive advantage, offering manufacturers easy access to European, African and Middle Eastern markets”, according to the African-focused online business publication.
Recalling Morocco’s National Pact for Industrial Emergence in 2009, the analysis notes that this document outlines clear objectives when it comes to building industries in high value-added sectors.
Since this date, Morocco has since invested in industrial parks, free trade zones, and supporting infrastructure such as railways, storage facilities and ports, the analysis says, adding that this strategy has paid off.
Already the country has established an automotive manufacturing hub, the publication writes, adding that Renault’s factory in northern Morocco is the largest car manufacturing plant in Africa, with the capacity to produce 340,000 vehicles annually.
Other industry leaders such as French car maker PSA Peugeot Citroën and Canadian auto parts supplier Linamar have followed suit, the same source adds.
Global power management company Eaton opened its new $12m facility in the Casablanca Midparc Free Zone – part of the Moroccan government’s National Pact for Industrial Emergence, the publication notes, adding that its plant in Morocco is only its second in Africa (it also has a facility in South Africa).