Morocco’s Central Bank expects auto sector exports to hit $20 billion by 2026

Morocco’s Central Bank expects that the outlook for Morocco’s current account balance to be ‘promising’, based on a considerable growth in automotive sector exports, that could hit a record 20 billion dollars by 2026. It also added that the ongoing infrastructure projects that are currently being developed across the Kingdom, means that imports of equipment would surge. Morocco has launched an industrialization process attracting giants in EV manufacturing as well as adding to its defense, rail and aerospace industries.