Dentons with the establishment of $1.3B Gigafactory in Morocco’s automotive industry

In May 2023, the Moroccan Government and the Sino-European group Gotion High-Tech –
signed in Marrakech, a Memorandum of Understanding (MoU) to further consolidate the establishment of a 500-hectare Gigafactory with a projected capacity of 100 GWh/year, based in the Rabat-Salé-Kénitra region, in Kénitra Atlantic Free Zone commune.

On Thursday 6th of June 2024, in Rabat, the strategic investment agreement signing ceremony
took place with the Moroccan Government – an event attended by key officials from both
Morocco and China. Present for this official signing, Prime Minister of Morocco – Aziz Akhannouch.

Dentons team

Representing Gotion High-Tech – Dentons Morocco’s Managing partner Omar Sayarh (pictured left) with his particular focus on M&A, projects and, more generally on domestic and foreign investments, who has been involved in large scale, high-profile transactions. Alongside him, partner Mehdi Megzari (pictured right) recognized for its expertise in mergers & acquisitions, capital market and competition law.

About the Gigafactory

With an expected astounding total investment of 65 billion dirhams ($6.4 billion), the Gigafactory will pave the way for the production of cutting-edge batteries exclusively designed for electric vehicles and energy storage systems. This endeavour aims to position Morocco as a prominent player in the renewable energy and electric mobility while concurrently escalating its status as an automotive powerhouse within Africa.