The observation is there: more and more international operators are starting to take an interest in the Moroccan transport sector. electric batterypositioning the Morocco as a major player in the value chain of green mobility. This is the case, for example, of BTRwith the project to build a cathode factory in Morocco for an investment of nearly 500 million dollars, CNGR Advanced Material Companywhich has joined forces with the Al Mada investment fund, or the Group Guangzhou Tinci Materials Technology, in the process of building a factory for a budget of 2.8 billion dollars. A long list to which is added a new major player, Gotion High-Techwhich has just signed on Thursday April 6, 2024 in Rabat a strategic investment agreement with Morocco for an amount of 12.8 billion dirhams (billion dirhams), relating to the creation of a complete industrial ecosystem for manufacturing batteries electricity in Kenitra.
This strategic orientation is not a coincidence, but the result of long-term work. According to the Minister Delegate to the Head of Government in charge of Investment, convergence and evaluation of public policies, Mohcine Jazouli“THE Morocco today reaps the fruits of the Vision of His Majesty King Mohammed VI particularly concerning the renewable energies“. “Thanks to this Vision, thegreen energy is available in Morocco with an ultra competitive price,” noted Mr. Jazouli during a round table with the media.
THE Morocco has all the assets, starting with its geopolitical stability, the youth of its population, the quality of its infrastructure, as well as its multiple free trade agreements, which naturally favors access to a large consumer market and in fact a strategic export base. It also has adequate deposits of natural resourcesa clear energy strategy oriented towards renewable energies, a mature chemical industry, support from the State and support from the private sector. “The Investment Charter offers a clear framework for investors and a business climate that continues to improve,” said Mr. Jazouli.
Morocco, an attractive destination for investments
Sharing this perspective, the Minister Delegate responsible for Relations with Parliament, spokesperson for the government, Mustapha Baïtasmaintains that theinvestment in Morocco lives to the rhythm of an important dynamic since the entry into force of the new Investment charter. “Morocco has become an attractive destination for investments thanks to its commitment to modernizing the legal arsenal relating to investment and improving the business climate in general through the simplification of procedures,” he said. observes Mr. Baïtas. The economic benefits of this dynamic are multiple, particularly in terms of jobs, value creation, export capacity and foreign currency entry.
For this first Gigafactorythe Moroccan state has decided to trust the Sino-European actor Gotion High-Techworld leader in the electric battery sector, one of the key shareholders of which is the German group Volkswagenwhich has made major investments in Europe, the United States and Asia with nearly 12 Gigafactories launched over the last two years to meet the significant global demand in the electric mobility sector.
The first phase of this ambitious project, which aims to be the first electric battery Gigafactory in the Middle East & Africa region, plans a production of 20 GWh, which will allow the creation of 17,000 direct, indirect and induced jobs, including 2,300 at high qualification. Ultimately, this capacity will reach 100 GWh for a total investment of MAD 65 billion. At this rate, Morocco continues to position itself among the major players in the industry on the international scene, thus consolidating its position as a reference hub for high value-added professions, particularly in the automotive sectors, aeronautics and now electric mobility.
