Moroccan Association for Automotive Industry and Trade Moroccan Automotive Industy : opportunities and perspectives
Salma ADNAN, Communication and Marketing Responsible Paris, 16/10/2013 L’industrie automobile au Maroc, une évolution progressive Signing of an agreement Convention sur les Start of between Government and Creation of VUL avec Renault Logan Renault Tangier-Med project SOMACA Adoption of integration/ &PSA production Compensation law
1960 1970 1982 1995 1996 2003 2005 2007 2008 2012
Valuation Law Agreement on Low Privatization First exports Cost Vehicles with Start of the of Somaca of Logan Fiat 1st line RTM
Renault Tangier-Med project in Melloussa 360 0000 vehicles by 2014 (170 000 in 2012) Suppliers’ network development
•World class infrastructures and services • Skilled human ressources and training support • an offer with competitive incentives An overview on current Situation:
. Major project : Renault Investment in Tangier
400,000 cars per year to be produced Production in 2013 (200.000 in 2010) Capacity: 60 cars per hour Renault is developing a mega siteCenter in the 6.000 Direct Employment Employment North Area of Morocco 30.000 + Indirect Employment
‘’The most competitive site of the Group’’ Investment Total Investment: 1 Billion €
Site 280 Ha to create major Renault site
~44km to Europe Situation ~30km to Tangier Med port Locking to Highway
Car carrier terminal in Tangier Med Port Logistics Easy access to a huge containers traffic
3 Car Manufacturing in morocco
Tangier I Tangier II SOMACA North zone
South zone
Production capacity : TANGER : 400.000 vehicles/year SOMACA : 60.000 vehicles/year Suppliers in Morocco
Tangier Tetouan Kenitra Casablanca North Zone
South Zone
5 Automotive Industry structure in Morocco
Providers
Subcontracters
Tier 1 Suppliers
Cars Manufacturers Constructeurs South Europe 6 Figures of the automotive sector in Morocco
Exports (Millions Euros)
2702,4 2336,1 1827,6
1195,8
2009 2010 2011 2012
Year 2009/2010 2010/2011 2011/2012
evolution + 52,8% +27,8% +15,7% rxmt oaptnilmarket potential a to Proximity 0 000 200 17% Annual vehicles vehicles A MOROCCO MOROCCO market EUROPE growth f42millions 4,2 of n2015 in • • Advanced The E uropeen ttswt h uoenUnion European the with status Fast TUNISIA Market - growing LIBYA 4k far km 14 , MIDDLE EGYPT AFRICA region + EAST
JORDAN Integrated Moroccan offer
To support this strategy and achieve tangible results, The PNEI ( Industrial Emergence National Plan) suggests an integrated offer aiming at the development of the investments in the automotive sector; it is based on three components :
• Infrastructures and services world class
• Qualified Human Ressources and training support
• Offer with competitive incentives Worldclass infrastructures &Services : A diversified range of real estate with best international standards within Integrated Industrial Plateforms (P2I) World-class Infrastructures and Services
Government Single Point of Contact in interest the Zone (Territorial development) Competitive Incentive package
Attractive Training P2I incentive scheme
Proactive plan for the sector
P2I : an integrated vision of territorial development R &D and the national economy Integrated logistical platform Professionnals interest (Pool of employment, Logistic linking to the City logistics, etc.)
Housing and life scheme Worldclass ifrastructures & Services : Two Integrated Industrial Platforms dedicated to the automotive sector : Kénitra & Tangier
Tangier Automotive City (TAC) Atlantic Free Zone (AFZ)
11 Pool of competitive ressources and training support : A Training incentive scheme, adapted to the needs of the automotive sector :
Training of 70.000 profiles (of whom 6 000 at the charge of Renault) in the automotive sector to accompagny its developpement: ● 3 500 engineers and managers Objectives ● 4 800 intermediary trainers ● 7 800 technicians ● 48 000 operators
Action’s axes
Elaboration of a Training incentive scheme for the automotive sector. Breakdown of staff on key training existing public and private systems, including Higher Education, Training and Learning System, Technical Education, private institutions for skills training funded through ANAPEC Follow up and up dating of training program
Exemptions of payroll taxes for 24 month for a salary of 550 $ per month; Direct support to training during the first Three years
1 2 incentive plan for the sector
Attractive incentives plan for the sector
Significant reduction of the corporate tax: complete exemption for the first 5 years, and 8.75% for the following 20 years in the free zone
No VAT Applied either in Importation & Exportation
No Taxes on Dividends (vs. 10% for locals)
Financial support for the establishment in key areas:
– 30% of Professional Building costs: with a ceiling of 182€/m² – 10% equipment costs for machinery investment exceeding 220.000 € – Ceiling: 1.8M Euros (or 10% of total investment)
Average Tax Rate: 7% over 25 Years
1 3 AMICA’s Presentation AMICA assists the automotive suppliers by representing them before government economic and administrative institutions acting in :
1 Export Suppliers Upgrading 2 promotion 3 4
Investment attraction Training development Automotive Training Institutes (IFMIA) in Morocco
Tangier
Kenitra
Casablanca
Fès
A global investment of 314 millions Euros
15 Automotive Training Institutes (IFMIA) in Morocco
IFMIA of Casablanca: 9 520 sqm Workshops 3 820 sqm Classes 1 960 sqm
Administration 2 180 sqm
Students residential 1 560 sqm
16 AMICA’s Events
17 Contact details :
Salma ADNAN Communication & Marketing Responsible [email protected]
(Association Marocaine pour l’Industrie et le Commerce de l’Automobile) 625, Bd. Mohamed V-20310 Casablanca-Maroc Tél : +212 (0) 522 24 28 82 +212 (0) 522 40 38 33 Fax :+212 (0) 522 24 85 81 Thank you