• News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Sunday, July 6, 2025
  • Login
Auto Journal Africa
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
Ask Autojorunal AI
No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa
No Result
View All Result
Morning News
No Result
View All Result
Home Business

Israel to import Moroccan cars as trade hits $8.5 billion

David Ijaseun by David Ijaseun
October 1, 2024
in Business, Cars/SUVs
0
Morocco Israel car export
925
SHARES
10.7k
VIEWS
Share on FacebookShare on Twitter

Israel is set to increase imports of cars manufactured in Morocco, strengthening economic ties between the two nations. This development comes as Morocco’s automotive sector thrives, positioning itself as Africa’s leading car producer. With over 250 companies involved in car manufacturing and components production, Morocco’s automotive industry is a key player on the global stage.

“We see enormous potential in expanding our imports from Morocco, especially as the industry continues to grow,” said Israeli Foreign Minister Israel Katz. “This collaboration benefits both our economies and strengthens the bond between our countries.”

READ ALSO

Mercedes-Benz suspends production at key South African plant

From glory to grief: The tragic end of football star Diogo Jota and his brother

The Moroccan government has invested heavily in its automotive sector, contributing 22% to the country’s Gross Domestic Product (GDP) and generating $14 billion in exports annually. The industry has over 250 companies involved in car manufacturing and components production, employs 220,000 people, aiming to further develop electric vehicle production.

Trade shift amid Turkish embargo

The increased trade with Morocco comes as Israel faces a disruption in vehicle imports from Turkey. An embargo imposed by Turkey in response to Israeli military actions in Gaza halted the arrival of key brands like Hyundai, Toyota, and Ford. In response, Israel has sought alternative markets to fill the gap.

In the coming months, Israeli consumers can expect to see a range of Moroccan-made cars, including models from French carmakers Renault and Peugeot. Notably, the Peugeot 208, produced at Stellantis’ Kenitra plant, will soon arrive in Israel. Stellantis, formed by the merger of Fiat Chrysler and Groupe PSA Peugeot, plans to double production at its Kenitra facility to 450,000 vehicles annually, creating 2,000 new jobs in Morocco.

Diplomatic gains from the Abraham accords

The strengthened economic cooperation between Israel and Morocco follows the re-establishment of diplomatic ties in 2020 under the Abraham Accords. Brokered by the United States, the agreement has led to increased trade, investment, and technological collaboration between the two countries.

Trade between Morocco and Israel surged 124% to $8.5 billion in June 2024 compared to the previous year, according to the Abraham Accords Peace Institute. This rapid growth underscores the benefits of the diplomatic relationship, which has expanded into sectors such as defense, technology, and agriculture.

However, some opposition remains to Morocco’s growing ties with Israel. Critics point to Israel’s ongoing military operations in Gaza, which have resulted in thousands of Palestinian casualties. The Israeli offensive was launched following Hamas attacks on October 7, 2023, which killed 1,200 Israelis and led to the abduction of 250 people.

Read more on Morocco expands Tangier automotive city by 668 hectares for global investments

Tags: HeadlineMoroccan automotive industry

Related Posts

Mercedes-Benz suspends production at key South African plant
Africa

Mercedes-Benz suspends production at key South African plant

July 5, 2025
Diogo Jota
Cars/SUVs

From glory to grief: The tragic end of football star Diogo Jota and his brother

July 5, 2025
2026 Porsche 911-4s variants
Cars/SUVs

Everything to know about the 2026 Porsche 911 Carrera 4S AWD models

July 4, 2025
Oilstainlab’s HF-11
Cars/SUVs

Oilstainlab’s 1,200HP HF-11 supercar promises retro thrill for $1.8m

July 4, 2025
Arcadia A80new yachts debuts with zero-impact anchoring, solar power innovation
Business

Arcadia A80new yachts debuts with zero-impact anchoring, solar power innovation

July 4, 2025
AMG’s last roar: Mercedes-Benz unveils final edition of its CLA 45 S
Cars/SUVs

AMG’s last roar: Mercedes-Benz unveils final edition of its CLA 45 S

July 4, 2025
Next Post
South African Police deploy 50 new VW Golf GTIs for patrols

South African Police deploy 50 new VW Golf GTIs for patrols

POPULAR NEWS

Inferno at Toyota 1000 Desert Race consumes 49 cars

Inferno at Toyota 1000 Desert Race consumes 49 cars

July 3, 2023
Mobius Motors

Mobius Motors: Rising taxes, competition ends Kenyan SUV maker’s journey

August 7, 2024
Autojournal car race

Get ready for the biggest RACE show this December in Nigeria

August 12, 2024
From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

From style to sustainability: How Geely Auto is shaping the future of luxury vehicles

October 25, 2024
Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

Oyo State Governor gifts Saheed Osupa Toyota Prado SUV worth ₦70M 

August 22, 2023

EDITOR'S PICK

Elon Musk Tesla CEO

Tesla shares jump as Musk pledges cheaper EVs, robotaxis

January 31, 2025
Elon Musk, CEO, Tesla

Elon Musk’s genius move: Tesla’s price cuts led to a sales surge in electric vehicles

July 5, 2023
Chinese EV

Beijing urges European Union to drop EV tariffs

June 27, 2024
An artist’s impression of the United Arab Emirate’s Rashid rover, which was supposed to deploy to the moon. Credit nytimes/Mohammed Bin Rashid Space Center

Space industry takes note as iSpace’s moon landing goes awry

April 28, 2023

About

Auto Journal Africa is the leading online and print magazine for automobiles in Africa.

Follow us

Recent Posts

  • Mercedes-Benz suspends production at key South African plant
  • South Africa’s return to Formula 1 hits political, financial roadblocks
  • Toyota Leads as South Africa’s car sales soar 18.7% in June
  • AlixPartners warns only 15 electric vehicle brands in China will survive by 2030

Links

  • Privacy Policy
  • About Us
  • Contact Us
  • News
  • Reviews
  • Events
  • Tools
  • For Sale

© 2023 Auto Journal

No Result
View All Result
  • News
    • Tech
    • Lifestyle
    • Business
    • Opinion
    • Premium
  • Reviews
  • Events
    • Nigeria
    • South Africa
  • Tools
    • Price Guide
    • Find your idea car
    • Car valuation
    • Sell your car
    • Car insurance quote
    • Locate a dealer
    • Deals
  • For Sale
    • New Cars for sale
    • Cheap Cars for sale
    • Bikes for sale
    • Trucks for sale
    • Boats for sale
    • Jets for sale in Africa
    • Cars under 5m
    • EV in Nigeria
    • EV in South Africa

© 2023 Auto Journal

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In