Chinese company to set up car plant in Morocco

0

A Chinese electric car company will build a car manufacturing plant in Morocco. The factory will be established in Tangier at a cost of 1 MAD billion (102 million US dollar), it was announced recently.

Yangtse Automobile, specializing in electric cars and buses, will sell the vehicles in the local market, and it will also export the products abroad, Moroccan World News reported.

The construction of the factory, to begin soon, will create about 2,000 jobs.

Tangier was selected by the Chinese company due to its strategic location close to Europe, the Middle East and Africa, its skilled workforce in the automotive industry and investment facilities, according to Ilyas El Omari, President of the region Tangier-Tetouan- Al-Hoceima.

He said that this investment is “an opportunity to allow Chinese economic actors to learn about the economic potential of the area and the facilities Morocco offer to foreign investors. This will also strengthen the partnership between the two countries in the commercial and industrial zones.”

Morocco, Libya to boost air, sea links

Morocco and Libya have agreed to promote cooperation in air and sea transportation; it was decided during a meeting between  Moroccan Minister of Equipment, Transportation and Logistics Aziz Rabbah with visiting Libyan Transportation Minister Milad Mohamed Maâtoug and accompanying delegation in Rabat.

The visit of Libyan officials was meant to give a new impetus to relations between Morocco and Libya in various sectors, mainly air and sea transportation and infrastructure, said Rabbah in a press statement after the meeting.

The Libyan Minister said that his country is keen to increase bilateral cooperation, particularly in the economic, logistic and air and sea transportation sectors.  Rabbah said that the Libyan officials expressed their wish to resume flights between the two countries. He asked Moroccan companies to take an interest in the promising Libyan market.

Morocco-Nigeria to energy collaboration

Morocco and Nigeria have agreed to collaborate in the agriculture and solar energy sector. It was announced by Aminu Tambuwal, Governor of Sokoto state of Nigeria in Rabat.

In a statement, the governor was quoted as saying: “Morocco has distinguished itself in some critical sectors, as such a relationship between the two states will be of utmost importance to the two parties.”

This announcement comes on the heels of the recent announcement that OCP, the world’s largest phosphate producer, will collaborate with Nigeria’s Dangote Group to provide phosphate for a fertilizer plant in Edo state.

Nigeria’s Sokoto state has a large reserve of natural resources needed for making fertilizer.

 The governor also said that he discussed other areas for future cooperation with Morocco’s Ambassador to Nigeria, Mr. Mosidfa Bouh.

About Author