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FINANCIAL NEWS
Morocco’s car exports to hit high USD10b in 5 years
09 Nov 2015
(MENAFN) Morocco projects car industry outbound shipments to hit an annual USD10.2 billion by the year 2020, based on the latest reports.
This positive surge is mainly attributed to PSA Peugeot Citroen beginning production at its all-new USD630 million factory in the country.
It’s expected to raise total industrial component of GDP to 20percentr, let alone that the plant will mean others may come to produce too.
Morocco’s auto industry has already exceeded traditional Moroccan exports like agriculture and phosphates, with its exports hitting USD3.5 billion at Sep-end.
More News
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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