The German company Fränkische Industrial Pipes GmbH & Co. KG will invest an amount of more than 100 million DH in the automotive sector by 2032. In this sense, a memorandum of Understanding (MOU) was completed this Tuesday, March 18, on the sidelines of the meeting to promote the investment in the oriental region. This memorandum of Understanding will also create 150 “stable” jobs by 2028. The project relates to the development and manufacture of plastic protection and fluid systems for the automotive industry, which strengthens the regional industrial ecosystem and the oriental area in the automotive sector.
Mou combines the Ministry of Industry and Trade, the Ministry of Investment, Convergence and the Assessment of Public Order and the German company Franconian Industrial Pipes GmbH & Co. KG.
