Peugeot Citroen’s Moroccan Factory to Produce 200,000 Cars a Year

Rabat, Morocco (Capital Markets in Africa) — The new factory of the French leading carmaker PSA Peugeot Citroen will produce 200,000 cars and 200,000 motorbikes a year, Minister of Industry, Commerce, Investment and the Digital Economy Moulay Hafid Elalamy said.

The new plant, to be completed by 2019, will generate 4.500 direct jobs and 20,000 indirect, said the Minister in an address before King Mohammed VI, who chaired on Friday the signing ceremony of the agreement to set up the PSA Peugeot Citroen plant in the integrated industrial platform, Atlantic Free Zone.

The Minister said that the new factory will be achieved for a total cost of 6 billion dirhams will also export car parts worth 1 billion Euros per year.

The new factory will also house a research and development center employing 1500 engineers and technicians.

Following the example of French carmaker Renault, the setting of the PSA Peugeot Citroen factory in the Kingdom will add fresh impetus to the activities of large-scale enterprises in Morocco as well as to small and medium sized enterprises.

After highlighting the well-connectedness of the industrial integrated platform Atlantic Free Zone, the Minister underscored the assets offered in terms of the quality of human resources and logistics that facilitate supply and exports.

This new investment will help the region of Gharb Chrarda Bni Hssen develop industrial activities and create jobs.

The setting up of PSA Peugeot Citroen in Morocco is also part of Morocco’s industrial acceleration plan 2014-2020 which lays out a clear vision for the future of industry in Morocco.