Citic Dicastal, a global company specializing in manufacturing aluminum alloy parts for wheels inaugurated its second plant in Kenitra, north of Rabat, on Monday, November 25.
The group invested €350 million to complete the 30,000-square-meter project. The project seeks to create over 1,200 job opportunities.
The new plant will feature “advanced technology,” enabling it to produce “premium products, as well as a range of larger rims,” Maghreb Arab Press (MAP) reported.
Having attended the inauguration ceremony, Morocco’s Minister of Trade and Industry Moulay Hafid Elalamy said that the plant positions Morocco in a “high-tech industry.”
Citic Dicastal’s new plant is the second of its kind after it inaugurated one in June in Kenitra.
The second plant, for Elalamy, “is an example of the successful Moroccan-Chinese cooperation in the industrial field and is part of the implementation of the Chinese government’s initiative called ‘One Road, One Belt.’”