In June, King Mohammed VI hosted Renault CEO Carlos Ghosn to celebrate the first export of Moroccan-assembled cars to France and Spain. The visit demonstrated the good relations between Morocco and French carmakers and aimed to develop the activity of Société Marocaine de Constructions Automobiles (SOMACA) for the local and foreign markets, notably towards the EU. SOMACA is a Moroccan-French car company in which Renault has an 80% capital share. Philippe Cornet, the chief executive, announced that the company plans to export between 5,000 and 10,000 Logan cars a year to the EU, mainly to the French and Spanish markets. It is also planning to expand its exports to the Belgian and German markets by 2008. SOMACA will also export some 5,000 units to Egypt, Jordan and Tunisia. The success of further SOMACA operations is set to contribute to attracting new investments in car part manufacturers. The present success of
