150 Companies and 2.5 Billion Euros: Morocco Expands its Aviation Manufacturing Base and Strengthens International Partnerships

150 Companies and 2.5 Billion Euros: Morocco Expands its Aviation Manufacturing Base and Strengthens International Partnerships

- in Economy

150 Companies and €2.5 Billion: Morocco Expands its Aviation Industry and Strengthens International Partnerships

Minister of Industry and Trade Ryad Mezzour announced that Morocco is currently hosting 150 companies active in the aviation sector, each with at least one factory in the kingdom, collectively generating an annual turnover of €2.5 billion.

In a statement to the French newspaper “Le Point” on the sidelines of the Paris Air Show, the minister explained that these companies create 26,000 permanent jobs, primarily concentrated in the Casablanca, Tangier, Rabat, and Fez regions.

Mezzour emphasized that the industrial companies in Morocco operate in various fields, including aircraft structures, interior components, equipment, and cables, reflecting the diversity and efficiency that characterize Morocco’s aviation industry platform. He noted that Morocco is enhancing its competitive position due to a low production cost of just €25 per hour, compared to over €100 in Europe or the United States, coupled with specialized human resources, with 23,000 engineers trained annually, 400 of whom are directed towards this sector.

The minister noted the expansion of partnership with the French company Safran in aircraft engines, particularly the new Leap engines, recalling the partnership agreement signed during French President Emmanuel Macron’s visit to Morocco last October. He also discussed the possibility of launching an aircraft final assembly line within the next ten years, as part of an ambitious vision to expand Morocco’s industrial offering in the aviation sector.

The minister highlighted that Royal Air Maroc is currently studying a new aircraft order, showing interest in the Airbus A220, suitable for the European network. He also noted the signing of a new partnership contract between Boeing and the French group Figeac Aero through its Casablanca aviation branch to produce spare parts for the Boeing 737 MAX.

This new commitment comes amid ongoing cooperation between Morocco and Boeing since 2016, reflecting a mutual desire to solidify supply chains and enhance Morocco’s industrial position as a strategic aviation manufacturing hub in the region.

Loading

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like

The rise in assaults on government employees prompts the public prosecution to implement strict protection measures.

The rise in assaults against state employees prompts