Turkish company invests over $ 2 mln in motorcycle project in Morocco

Turkish company "Ramzey Engine" will invest over $ 2 million for the launching of a low-cost motorcycle in Morocco. Under an accord signed last week with Moroccan Trade and industry department, the Turkish company offers to sell its motorbikes for less than $ 700 in return for some tax exemptions and fiscal facilities.

Morocco's motorcycle market counts about 20,000 units imported mostly from Europe.