Browsing: Automotive industry

• Over the years, Morocco has been riding on its strategic position on Europe’s edge to build its success on low-cost production of low-cost goods, including textiles and food, through trade pacts with the European Union
• Automotive was among the first industries to establish itself in Morocco and has become one of its success stories. 
• Morocco’s aerospace exports, according to official estimates, increased by 21.9 per cent last year to $1.6 billion after plunging by over 30% in 2020 as a result of the global aircraft industry crisis prompted by the Covid-19 epidemic.

Over the years, Morocco has been riding on its strategic position on Europe’s edge to build its success on low-cost production of low-cost goods, including textiles and food, through trade pacts with the European Union. 

However, the emphasis has shifted to higher-value, higher-tech industries such as the automotive industry, aerospace, and pharmaceuticals, with Moroccan firms collaborating with foreign …

• Morocco’s car sales exceeded 160,000 units in 2021 and creating over 220,000 direct jobs
• The auto industry is also set to contribute as much as 24% to the Moroccan GDP by 2022
• Despite the consequences of the COVID-19 crisis, the industry has gradually recovered this year, selling around 400,000 cars to Europe

Morocco has surpassed South Africa as the biggest exporter of passenger cars on the continent with $7 billion (MAD 65.1 billion) exports made in the car industry at the end of 2018.

New data indicates that the country’s automotive industry is growing exponentially each year with car sales exceeding 160,000 units in 2021, and creating over 220,000 direct jobs.

According to several international experts, Morocco’s auto industry is set to contribute as much as 24% to the Moroccan GDP by 2022.

As of 2021, new passenger vehicles (PCs) recorded an increase of +10.77% with 115,611 units sold, transforming …

• Egypt’s automotive industry is one of the sectors benefiting from the wider economic uplift.
• New vehicle sales in Egypt have recently surged to more than 200,000 units per year, with around half of this figure assembled locally, the whitepaper found.
• The country is home to one of Africa’s largest vehicle fleets with around six million vehicles on the country’s roads, the majority of which are passenger cars (approximately 4.6 million).

A boom in Egypt’s automotive parts industry is being fueled by a burgeoning population, vehicle sales growth and government moves to combat auto emissions, according to a new report highlighting the sector.

The combination of these factors, against a backdrop of post-pandemic economic growth, has accelerated the Egyptian market for car spare parts, accessories, and vehicle components, which is now worth between $1-2 bn, German consultants Africon GmbH say.

This is despite Egypt’s crisis with international companies with whom they …