Chinese company “Boway Alloy” invests $150 million in Morocco
The giant Chinese company “Boway Alloy” has announced plans to invest up to $150 million in Morocco to establish a factory specialized in producing strips of electronic materials made from specialized alloys. This decision follows a strategic shift from previous plans in Asia, highlighting the kingdom’s appeal as a global industrial and export platform.
The Chinese company revealed its intention to build a production facility in Morocco with an annual capacity of up to 30,000 tons. This facility will focus on manufacturing vital electronic material strips used in electronic and electrical product components, thereby enhancing Morocco’s position in global technology supply chains.
The decision to invest in Morocco came after the company halted a similar project it had planned in Vietnam. “Boway Alloy” explained that “significant changes in international trade policies” hindered the expected returns from the Asian project.
Conversely, Morocco emerged as an alternative preferred destination. The company confirmed that the decision aims to “accelerate its international expansion and meet the needs of leading global customers in the industry,” noting that Morocco possesses “significant geographic, political, and economic advantages.”
The project aims to strengthen Morocco’s standing in global technology supply chains by producing 30,000 tons annually of electronic material strips.
To implement this massive project, “Boway Alloy” intends to establish a wholly-owned subsidiary named “Boway Alloy New Material (Morocco) Co., Ltd.” The funding allocated for this investment will cover the costs of setting up the company, acquiring land, building fixed assets, and enhancing the facilities supporting the factory.
However, the company’s announcement indicated that the project is still in the early stages, as it requires the completion of procedures and approvals from both the relevant Chinese authorities (including the Ministry of Commerce and foreign exchange management agencies) and the concerned local Moroccan authorities.
This investment represents a strong new signal of Morocco’s capacity to attract major foreign capital, particularly in high-value-added sectors such as the electronics industry and specialty materials.
