Reflecting his confidence in the country's "political stability, significant economic incentives for investment and good infrastructure."
According to reports from a Spanish business news outlet, Antolin already operates a factory in the city of Tangier and is looking to increase its investments and expand its presence in Morocco.
María Helena Antolin, vice president of Antolin, highlighted that Morocco is undoubtedly one of the most attractive countries in Africa and the Maghreb. He expressed confidence in the North African country's economic stability, its strong infrastructure, "significant economic incentives for investment" and its favorable geopolitical position for trade between Europe and Africa. He also highlighted the notable growth of Morocco's GDP.
Additionally, the company highlighted Morocco's "abundant and increasingly skilled workforce," noting its profitability compared to Spain and other European nations. Antolin sees great potential in using Morocco as a production platform for both local manufacturers and customers around the world.
The vice president of the company participated last month in a Spanish-Moroccan forum, during which she praised the existing free trade agreement between Spain and Morocco, which facilitates tariff-free trade of components between both countries.
According to data from the Spanish Ministry of Industry and Commerce, there has been surprising growth in automotive trade between Morocco and Spain in the last decade. Exports of automobiles and components to Morocco have increased by 292% since 2012, reaching €1.74 billion in 2022. Similarly, imports of components and vehicles from Morocco to Spain have increased by an impressive 789.8% during the same period, reaching 743.5 million euros.
Antolin established its presence in Morocco in 2005 with the inauguration of its subsidiary Antolin Tangier, which produces a wide range of automotive components, including sunshades, window regulators, lighting components and roofs. The facility serves well-known automotive brands, including Renault, Nissan, Stellantis, Volvo, Daimler and Jaguar Land Rover.
The Moroccan automotive sector has experienced significant growth in recent years, positioning the country as one of the main manufacturing centers in Africa.