– Morocco announcedd the establishment of its first industrial zone dedicated to electric vehicle battery production, with initial investments totaling USD 2.3 billion.

– The 283-hectare industrial zone is expected to create 4,000 jobs and attract investments from companies like Chinese firm CNGR and Moroccan-based African private investment fund Al Mada.

– Situated near the OCP Group Industrial Park, the zone will support various industries including mining, mechanical, electrical, electronics, and automotive sectors.

Morocco unveiled its inaugural industrial zone for electric vehicle battery production, attracting initial investments worth USD 2.3 billion.

Industry and Trade Minister Riyad Mazour announces the establishment of a 283-hectare industrial zone dedicated to electric battery manufacturing, marking a significant milestone in Morocco’s automotive sector.

The zone is set to receive three initial investments totaling $2.3 billion and is projected to generate 4,000 job opportunities.

This pioneering initiative marks Morocco’s first industrial zone exclusively dedicated to electric battery production, signaling the country’s commitment to sustainable transportation technologies.

Among the initial investments is a joint venture between Chinese firm CNGR and Moroccan-based African private investment fund Al Mada, demonstrating international collaboration in Morocco’s burgeoning electric vehicle industry.

Strategically located near the OCP Group Industrial Park, the zone encompasses activities spanning mining, mechanical, electrical, electronics, and automotive industries, further bolstering Morocco’s industrial landscape.

The project is anticipated to stimulate local economic growth and foster employment opportunities, thereby benefiting surrounding communities and contributing to Morocco’s sustainable development goals.