The aerospace sector currently generates a turnover of MAD 17 billion and employs more than 15,000 in 2018, compared to 5,700 in 2005.By Hamza Guessous -Nov 6, 2019Rabat – Morocco is an up-and-comer in the aerospace sector. Currently boasting 140 aer...
The aerospace sector currently generates a turnover of MAD 17 billion and employs more than 15,000 in 2018, compared to 5,700 in 2005.
By Hamza Guessous -
Nov 6, 2019
Rabat – Morocco is an up-and-comer in the aerospace sector. Currently boasting 140 aerospace companies, it aims to bring together more than 220 companies to operate within its aerospace hubs.
Aeronautics has significant potential in Morocco with more than 80 new companies planning to invest in the aerospace industry in Morocco in the coming years, wrote Moroccan newspaper, L’Economiste, on Tuesday, November 4.
“The sector, which currently hosts 140 companies, will have 220 in the next 11 years,” added the paper.
The country has even managed to exceed its local integration goal rate of 32% by reaching 38%. Morocco is now aiming for an integration rate of 42% by the end of 2020.
The geographical position, political stability, and low labor force costs have all contributed to making Morocco the most attractive hub for investment in Africa, according to L’Economiste.
Following the launch of the Industrial Acceleration Plan (PAI) in 2014, Morocco doubled its aerospace export turnover to reach MAD 17 billion.
Read also: Morocco Touts Economic Zones for Aerospace Investment
According to the 2018 figures from the Ministry of Industry, Trade and Investment, and the Digital Economy, the sector employed more than 15,000 people, generating a turnover of $1.2 million, and had an annual growth rate of 18%.
Morocco’s objective through the PAI is to create 8,700 additional jobs. The plan also sets out a program for the sector to reach an additional export turnover of MAD 27 billion.
For the year 2021, Morocco projects sales (excluding the Boeing ecosystem) of $2.6 billion. The sector will triple its revenues.
The Boeing ecosystem
The Boeing ecosystem consists of structuring a business environment made up of suppliers with a sourcing platform based in Morocco. The ecosystem will reach an annual export turnover of one billion dollars, leading to the establishment of 120 Boeing suppliers, and allowing for the creation of 8,700 specialist jobs.
Boeing will implement dedicated training programs specially designed to cover the training needs of its ecosystem.
The Aviation Professions Institute (IMA) also gives vocational training for professionals in the sector.
IMA’s medium-term objective is to train 800 persons per year in aviation and aerospace professions thanks to a tool of international standards, set up as a result of a partnership between the GIMAS (Group of Moroccan Aviation and Aerospace Industrialists), the UIMM (Union of Metallurgical Profession Industries) and the state of Morocco.
Morocco boasts nearly 11,500 aviation professionals, of whom 50% are women.
The aerospace companies operate in Casablanca’s Aéropole Nouaceur and Midparc free zones, as well as Tangier, Kenitra, Oujda, and Salé, which have aerospace facilities.
“Morocco site has become an essential base in the aeronautical construction, distributed in the ecosystems assembly, engineering, RMO (maintenance of aircraft and engines), electrical systems, or composite ecosystems, engine, and embedded electronics,” continued L’Economiste.
L’Economiste is not the only publication to laud Morocco’s progress in the aerospace sector.
Mazars, a Paris-based global audit, accounting, and consulting group reported in 2016 that Morocco has consolidated its international position to be among the top 5 most attractive countries for the installation of subcontractors, just behind France, the United States, China, and Germany.
Original Source: https://www.moroccoworldnews.com/2019/11/286198/moroccos-aerospace-sector-growing-industry/
