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Morocco announces auto industry deals worth $1.45bn

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AUTOMOTIVE
Morocco said on Monday it had signed deals for 26 auto industry projects worth a total of €1.23-billion ($1.45-billion) as it seeks to build its position as an international hub for the sector. The deals include six agreements with French company Renault to expand an "industry ecosystem" allowing the firm to increase local sourcing of car components to 55%, according to a government statement.
 
 
 
 
 

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