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Morocco has signed deals for 26 auto industry projects worth a total of €1.23-billion ($1.45-billion) as it seeks to build its position as an international hub for the sector. The projects announced on Monday are with companies from France, Spain, Italy, China, South Korea, Japan and the US, and are expected to create more than 11 500 jobs ...
Neo Motors is a Moroccan automobile manufacturing startup headquartered in Aïn El Aouda near Rabat, Morocco. [1] Founded in May 2018 by Nassim Belkhayat and Mohamed Mehdi Bensaid, a prototype SUV was unveiled in May 2023 during a showcase to King Mohammed VI. [2] [3] Neo Motors is the first homegrown automobile company in Morocco. [4]
Renault cars in Morocco are distributed by Renault Maroc. [14] a joint venture between Renault SAS and SNI (Mohammed VI's holding company) which controls 20% of shares. [15] Renault and Dacia cars in Morocco benefit from Non-tariff barriers to trade advantage; their cars are sold on a 7%VAT whereas other brands are sold on 20%VAT. [16]
Laraki was established in 1999 by Abdesslam Laraki, a Moroccan designer and entrepreneur [2] who first became wealthy by importing cars in Morocco beginning in 1973. His son and the current owner of the firm is Abdeslam Laraki, a Moroccan designer who started out creating luxurious yachts and created the eponym company Laraki.
The Circuit International Automobile Moulay El Hassan (also known as Marrakech Street Circuit and Marrakech Racetrack) is a semi-permanent street circuit in Agdal district, Marrakech, Morocco. [1] The circuit is operated by MGP. [2] It has a capacity of 10,000 spectators.
Sopriam (French: Société de promotion industrielle automobile au Maroc) is a subsidiary of SNI Group and the exclusive distributor of Peugeot, Citroën and DS in Morocco. It was founded in 1977, Sopriam is headquartered in Casablanca, Morocco. The affiliate is the first ISO 9001 (2000) certified company in the sector, since 2003. [1]
Moroccan diplomatic license plates have a blue background and show in the left margin the letters "CD" for Corps Diplomatique and Maroc. The other side of the plate shows هـ د and المغرب in Arabic script. هـ د stands for هيئة دبلوماسية meaning Diplomatic Corps. Between these two blocks, two pairs of numbers appear, the ...
In 2006, it was announced that ADM would be investing 6.18 billion dirhams ($859 million) to develop its highway network in 2007. [2] These investment packages were part of the objective that aimed to complete 1,500 km by 2012.