As part of the development of the group’s activity in the Kingdom and of the entire Moroccan automotive industrial sector, Renault Group Maroc and the Ministry of Industry, Trade and the Green and Digital Economy have signed a agreement which sets new objectives for the development of the Renault ecosystem.
This ceremony took place in the presence of the Minister of Industry, Trade and Green and Digital Economy Moulay Hafid Elalamy and the general manager of Renault Group Luca De Meo.
New objectives for the Renault ecosystem from 2023 were unveiled, Tuesday July 27, Renault Group Maroc confirms its last commitment, signed on April 8, 2016 with the Kingdom before King Mohammed VI, through the achievement of 1, 5 billion euros in turnover and 65% local integration in 2023. At the start of 2021, the group announced that it had exceeded the 60% local integration rate mark.
This new commitment will support the development of the Moroccan industrial sector and the industrialization of new vehicle projects for Renault Group brands with high technological value.
In line with the Renaulution strategy and the global orientation of the automotive industry towards the production of environmentally friendly vehicles, Renault Group Maroc is preparing the industrialization of new vehicles at the Group’s two Moroccan sites. These vehicles will gradually include Renault Group’s electrification technologies.
Renault Group Maroc and its ecosystem benefit from the impetus given by the Ministry of Industry, Trade and Green and Digital Economy for the decarbonization of industry and the creation of a green energy sector at competitive prices. This initiative of the Kingdom will make it possible to continue to strengthen Morocco’s industrial competitiveness on a global scale.
The group is strengthening its commitment to develop the Renault ecosystem, with the signing of a new phase bringing the local sourcing target to 2.5 billion euros by 2025 and a target of 3 billion euros. Renault Group Maroc is also committed to bringing its integration rate to a target objective of 80% over time.
As a reminder, the number of tier 1 suppliers installed in the Kingdom has already been tripled, from 26 to 76. This new commitment will support the installation of new suppliers and strengthen existing sites.
>> Read also: Morocco. The objectives of the new development model