Tanger Med Enhances Morocco's Industrial Growth
The report highlights the pioneering role of the Tangier Med Port and the associated industrial system in strengthening Morocco's position as an industrial and export power in Africa. It emphasizes that Morocco relies on its logistical infrastructure, industrial zones, and proximity to Europe to integrate into global value chains. The automotive sector, which includes over 250 companies and features manufacturers like Renault and Stellantis, is currently producing approximately one million vehicles annually, with a goal to double this to two million vehicles by 2030. Automotive exports reached 157 billion dirhams in 2024, with locally manufactured components constituting 69%. Morocco is also moving towards developing the electric vehicle and battery industries through major projects and factory expansions, gradually shifting from assembly to component manufacturing and advanced industrial chains, reflecting its ambition to enhance its global industrial standing.
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