On the 16th local time, the construction ceremony of the casting factory of CITIC Dicastal Aluminum Wheel Project, the largest investment project by China in Morocco, was held. Ambassador Li Changlin in Morocco, Moroccan Minister of Industry and Trade Mezur, and Mayor of Kenitra Hamdi attended the ceremony. ceremony.
Ambassador Li Changlin said that the CITIC Dicastal Aluminum Wheel Project is China’s largest investment in Morocco, a landmark project of modern industrial cooperation between the two countries, and a major achievement of the two countries’ active promotion of the “Belt and Road” international cooperation. Since the project was completed and put into operation in 2019, it has made positive contributions to the development of the motorcycle industry. CITIC Dicastal’s decision to continue to increase investment in the construction of casting factories reflects CITIC Dicastal’s full trust in the Moroccan market, its positive attitude to participate in the Moroccan industry revitalization plan, and its firm determination to help “Made in Morocco”.
Mezur said that the new project of CITIC Dicastal is the result of high-level mutual trust between the two countries and the sincere cooperation between the business circles. It is a model of China-Morocco economic and trade cooperation and will generate positive economic and social benefits. The advanced technologies of CITIC Dicastal in industrial digitalization and intelligence will help the automobile manufacturing industry to continuously improve its international competitiveness.
The project of CITIC Dicastal Morocco Casting Factory is located in the Kenitra Atlantic Free Trade Zone, with a planned total investment of 1.8 billion dirhams (about 1.2 billion yuan), which will create 760 local jobs. The project is carried out in two phases, with an annual output of 5 million castings in the first phase.