Bosch to set up an industrial cluster in Morocco

Bosch, the global leader in the manufacture of home appliances has signed a memorandum of understanding with Morocco’s industry ministry to create an industrial cluster in Morocco. The facility is planned to be a source of supply to its plants in Europe. According to the statement from the Ministry, the industrial cluster will lead to exports worth 1.6 billion dirhams by 2023.The total value of expected investments is around €25 million from 15 Bosch suppliers.Spain’s Gravalos Constructionnes, Virmousil and Sigit, are some of the companies which have shown interests in joining the industrial cluster.