Morocco is one of the pillars of Renault Group's strategic plan, which directs the group's activity towards more value creation, said Wednesday, Renault Group director general Luca From Meo.

"The Kingdom, a country with high potential, is today in the top 5 of Renault's industrial countries and in the top 15 of the group's worldwide sales", said De Meo who was speaking at the "Rendez-vous de l'industrie automobile", an event held in hybrid mode under the theme" Debate meeting of public-private players in the automotive industry".

He also noted that "the group is proud to be a key contributor in the development of the Moroccan car industry and to have been able to seize this opportunity", adding that beyond the fact that Renault is the second largest company in the Kingdom in terms of turnover, it relies on its 11,000 employees who have made this industry "a true Success Story".

At the same time, De Meo said that the group has signed ambitious agreements which are able to give new impetus to the Renault-Morocco partnership. "We are targeting, by 2025, 2.5 billion euros of turnover in local sourcing and eventually reaching 3 billion euros and 80% integration," he said.

He said that the group is already aligned with its objectives, since it exceeded at the beginning of 2021 the mark of 60% of the integration rate, adding in this sense that the group is preparing for the industrialization of new vehicles for the brands of Renault and Dacia in the two Moroccan sites of the group and will unveil the first Dacia Sandero manufactured in Somaca.

Copyright Maghreb Arabe Presse. Distributed by AllAfrica Global Media (allAfrica.com)., source News Service English