Morocco 🇲🇦 is set to launch a 100% Made in Morocco car brand that would be available on the local market at an average price $15,000. The budget-friendly cars will sell under the brand name “Neo.”

Morocco 🇲🇦 is set to launch a 100% Made in Morocco car brand that would be available on the local market at an average price $15,000. The budget-friendly cars will sell under the brand name “Neo.”

Morocco produces more than 700,000 vehicles annually with a value added exceeding 60%.” The challenge for the next few years is to produce one million vehicles with an integration rate of 80% of Moroccan value added by 2025. Morocco is very proud to be ranked third in the world in terms of competitiveness, following China and India

The Country ranks second in terms of improving industrialization in Africa. It is according to a recent report entitled “African Industrialization Index 2022,“ published by the African Development Bank (AfDB), the African Union (AU), and the United Nations Industrial Development Organization (UNIDO).