ANSAmed Italy
French car parts supplier Valeo plans to invest 50 million euros in a new industrial centre in the port of Tangier in Morocco.
Production, which will take place inside the Tanger-Med Automotive City, will in part supply Peugeot-Citroen in Kenitra and Renault TangerMed, and the other part will be exported towards Europe and the United States.
Construction work is expected to begin in coming weeks and should be completed during 2017, the port authority said.
