According to the press release, this agreement with FAURECIA, a FORVIA group company, gives new impetus to investment by devoting more than 150 million dirhams to setting up a new group unit in Morocco, in Salé, with a view to consolidating its position in the automotive ecosystem. This investment will create 1,400 direct jobs by 2028.
This project is part of the implementation of the High Guidelines of HM King Mohammed VI aimed at making productive investment an essential lever for job creation, the revival of the national economy and the acceleration of Morocco’s anchoring in promising sectors.
In this context, Mr. Mezzour said that with this new investment, the Moroccan automotive platform confirms its attractiveness and the confidence it enjoys among ecosystem players.
And to add that this new commitment from a world leader in the sector attests to the sustained investment dynamics and the great competitiveness of our platform.
As a reminder, Faurecia is the world leader in automotive technology. It has 250 industrial sites, 39 R&D centers and works with 111,000 employees in 33 countries.
In this wake, the company is carrying out projects in four business areas: Seating, Interiors, Faurecia Electronics and Clean Mobility. The Group generated €15.6 billion in revenue in 2021. Listed on the Euronext Paris market, it is part of the CAC Next 20 and Euronext CAC 40 ESG® indices.
Remember that Faurecia is present in many countries including Morocco, where it has been operating since 2008 through 3 production units: 2 factories in Kenitra and 1 factory in Salé with a total investment amount of 640 Mdhs and a number of jobs of 4000.
