Morocco has solidified its standing as Africa’s automotive leader with a new amendment to its investment agreement with Renault Group, aimed at expanding industrial capacity, driving innovation, and accelerating the transition to sustainable mobility.
The deal, signed on Wednesday, 29 October, in Rabat, was attended by Prime Minister Aziz Akhannouch, Minister of Industry and Trade Ryad Mezzour, and Renault Group’s Executive Vice President François Provost. It marks the latest milestone in a long-standing partnership that has transformed Morocco into a global automotive hub.
Under the revised agreement, Renault and the Moroccan government will generate 7,500 new direct and indirect jobs while implementing a development plan spanning 2025 to 2030. Central to this roadmap is the creation of a research and engineering centre by 2025, the launch of hybrid and electric vehicle production, and the modernisation of Renault’s local manufacturing ecosystem.
Prime Minister Akhannouch praised the collaboration, noting Morocco’s continued drive to harness advanced technologies and enhance local expertise. “Our main challenge remains integrating cutting-edge technologies to strengthen competitiveness and leverage Moroccan talent,” he said.
Renault’s François Provost reaffirmed the company’s long-term commitment, stating, “This new phase reflects our confidence in Morocco’s industrial platform, its skilled workforce, and its growing influence in sustainable mobility across Africa and beyond.”
In 2024, Renault Group Morocco produced over 413,000 vehicles, exporting 90% to more than 68 countries. With operations anchored in Tangier and Casablanca, Morocco has become Africa’s top car exporter, generating over $13 billion annually.
The new accord underscores a shared vision for green, high-value manufacturing, aligning Morocco’s renewable energy targets of 52% by 2030 with Africa’s broader industrial transformation. It signals a decisive step toward a more innovative, sustainable, and globally competitive automotive future for the continent.