Chinese Investment Surge in Morocco: $2 Billion Battery Factory Deal Signals Growing Interest

According to the Financial Times, the Chinese group CNGR has signed a partnership with the Al-Mada conglomerate belonging to the Moroccan royal family to build this factory. Other Chinese or South Korean investments are also announced in the mining or electric battery sectors, which, analyzes Radio France, denotes the growing interest of the Chinese in the kingdom.

This rush of Chinese investors to Morocco would be justified by their rejection by the West and the willingness of the authorities of the kingdom to strengthen their relations with Beijing. As a result, Morocco is now the third destination for Chinese investments in Africa. In addition, China, which was absent from the automotive industry, has managed to become the number 1 in the production of electric vehicles in just a few years. A sector also booming in Morocco.