Morocco is set to increase its defense budget in support of the modernization process of its armed forces with a view of becoming Africa’s leading military power, Strategic Defence Intelligence said in a report.
The report dubbed, “The Future of the Moroccan Defence Industry – Market Attractiveness, Competitive Landscape and Forecasts to 2022,” underscores that Morocco’s advanced military procurement will enable it to contain Algeria and become Africa’s leading army by 2022.
“The country consistently imports advanced arms and ammunitions such as fighter and training aircraft, ships, missiles, tanks, and frigates to strengthen its armed forces; a trend expected to continue over the forecast period,” underscores Strategic Defence Intelligence.
The report notes that Morocco’s defense budget is expected to increase from US$3.5 billion in 2018 to US$3.9 billion by 2022, that is a steady growth rate of 2.80%.
“Morocco’s future procurement plan includes warplanes, helicopters, submarines, radar systems, and naval vessels,” adds the report.
On a cumulative basis, Morocco is expected to invest US$18.6 billion for defense purposes, of which US$5.7 billion is earmarked for capital expenditure to fund defense procurements, the report says.
Between 2011 and 2015, Morocco was the second largest arms importer in the continent with 26% of imports, advanced by Algeria with 30%, according to a 2016 report by the Stockholm International Peace Research Institute (SIPRI.)
Between 2011-2015, Algeria’s arms imports fell by 18 per cent compared with 2006–2010, SIPRI said. During the same period imports by Morocco increased 528%. By the end of 2015 Morocco sealed a large transaction to receive an outstanding order for 150 tanks from the USA.