Renault to launch electric vehicle production in Morocco by 2030

French automaker Renault signed an agreement to produce electric vehicles in Morocco starting 2030 as it seeks to expand exports to African markets.

The company, which operates plants in Tangier and near Casablanca, produced 413,000 vehicles in 2024, 90% of which were exported under the “Made in Morocco” label, Arabian Gulf Business Insight reports.

The deal is expected to create about 7,500 jobs and add a new EV line to Renault’s existing models.

Rival Stellantis runs a factory in Kenitra, while China’s Gotion High Tech plans to build a battery plant in the country.

UAE launches $200 million tech fund for developing nations

The United Arab Emirates is launching a $200 million fund to export advanced technologies to poorer nations, unveiling the project on the sidelines of the World Governments Summit in Dubai on Monday.

Financed by the Abu Dhabi government, the fund will be overseen by the Advanced Technology Research Council, the country’s applied research and development arm.

ATRC Secretary General Faisal Al Bannai said the aim is to open up technologies devised in the UAE to governments and organizations in less developed nations.

“We will have the country become a private client for us to test what they need solved,” he said.

The solution would either be donated to the country or sold to it at an affordable price, according to ATRC. 

Also on Tuesday, Abu Dhabi formed the non-profit Falcon Foundation, with an initial funding of $300 million to back sustainable open-source AI projects.