(3 Minutes Read)
Jeong Hoon Kim, Head of Real Solutions at Hyundai Rotem, has commended Morocco’s dynamic business environment, describing the country as a rising strategic destination for foreign industrial investment. His remarks come on the occasion of Morocco’s Throne Day, which this year marks the 26th anniversary of King Mohammed VI’s accession to the throne. The national holiday will be observed on Wednesday, with the monarch expected to deliver his customary address to the nation.
In a statement reflecting Hyundai Rotem’s growing interest in the Moroccan market, Hoon Kim noted the company has been closely monitoring Morocco’s industrial and economic developments for over a decade. He emphasized the North African country’s resilience during the COVID-19 pandemic, underscoring its ability to maintain economic momentum despite global challenges. According to him, these factors make Morocco a “long-term strategic market” for Hyundai Rotem.
Hoon Kim also celebrated the recent partnership between Hyundai Rotem and Morocco’s National Railway Office (ONCF), highlighting a milestone USD 1.5 million contract signed in February. The deal involves the supply of modern double-decker trains capable of reaching speeds up to 160 kilometers per hour. These trains are set to strengthen connectivity between Casablanca and other major Moroccan regions, reflecting the nation’s commitment to modernizing its transportation infrastructure.
In addition to this recent collaboration, Kim expressed Hyundai Rotem’s eagerness to contribute to Morocco’s Rail Plan 2040, an ambitious government initiative aimed at significantly expanding and upgrading the country’s railway network. He described the plan as a forward-thinking roadmap that aligns with Hyundai Rotem’s technological capabilities and long-term vision.
Read Also;
Furthermore, Kim acknowledged Morocco’s favourable political and economic environment as a major draw for international investors. He cited the presence of other Korean firms such as Hands Corporation, which established an automotive component manufacturing facility in Morocco targeting the European market. This, he said, is a clear indication of Morocco’s attractiveness as a competitive industrial base. Overall, Jeong Hoon Kim’s statements reflect growing South Korean confidence in Morocco’s potential as a stable and strategic partner in the fields of transport, manufacturing, and industrial development.
