Morocco Emerges as Major Hub for Foreign Industrial Investment – Hyundai Rotem Exec.
Seoul - Morocco, under the Leadership of His Majesty King Mohammed VI, is establishing itself as a major hub for foreign industrial investment, particularly in the railway sector, said Jeong Hoon Kim, an executive at Korean conglomerate Hyundai Rotem.
Expressing admiration for the harmonious development of several sectors in Morocco over the past two decades, as well as the Kingdom’s “remarkable” resilience in the face of the COVID-19 pandemic, Kim said Morocco represents a strategic long-term market for Hyundai Rotem, offering numerous opportunities for industrial and technological partnerships.
“We have been following the Moroccan market for more than ten years, and the recent signing of our contract with the National Railways Office (ONCF) for the delivery of RER trains marks a concrete first milestone in our commitment,” he said, reaffirming the group’s intention to be part of a sustainable cooperation dynamic.
Kim also voiced interest in the Morocco Rail Plan 2040, which he described as an “ambitious roadmap” for the expansion of the Kingdom’s railway network, emphasizing Hyundai Rotem’s desire to actively contribute to it.
According to the Korean official, Morocco’s political and economic stability is a key factor in attracting foreign investors, citing the example of Korean company Hands Corporation, which has established a car parts manufacturing plant in Morocco exclusively for the European market. “This is a win-win cooperation model that we aim to replicate,” he said.
Aware of Morocco’s prioritization of renewable energies and its potential in green hydrogen, Kim said the sector represents a promising new area for cooperation.
Editorial team/le7tv
