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Chinese company Kuntai has said it will invest $13.7 million in a car carpet plant in Morocco which has become a major global player in the automotive industry.
The new production site comes to enhance further Morocco’s automotive industrial eco-system. Its main target is the European market. The facility will also promote research, development, production, and sales of car carpets.
Just 14-km from Spain, Morocco is a natural gateway to the European market. With modern ports and constantly improving infrastructure, the country can ensure quick and efficient access to major European markets with reasonable delivery time and competitive logistics costs.
For experts, the Moroccan automotive industry is a success story. Out of the 700,000 finished vehicles produced domestically, nearly 80% are exported primarily to the European market.
Morocco is a global producer and exporter of cars, with the automotive sector accounting for 25 per cent of its exports and directly supporting more than 200,000 jobs.
The country has established four industrial clusters in Casablanca, Kenitra, Rabat, and Tangier, and has several specialized training institutes that ensure a continuous supply of skilled labor.
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