Attijariwafa Bank and the Moroccan Association for the Automotive Industry and Construction (AMICA) have signed a strategic partnership agreement aimed at strengthening financial and operational support for companies in Morocco's automotive sector. The agreement was announced in late June 2026, according to official sources.
The partnership focuses on providing tailored financing solutions, advisory services, and capacity-building programs to help local suppliers and manufacturers integrate more deeply into global automotive value chains. This initiative aligns with Morocco's industrial acceleration plan, which targets increasing the local integration rate in the automotive sector to 80% by 2030.
Morocco is Africa's leading car producer, with an annual production capacity exceeding 700,000 vehicles. The automotive sector accounts for about 25% of the country's GDP and employs over 220,000 people. The partnership is expected to further enhance the competitiveness of Moroccan automotive companies.
