Aeronautics: Morocco on Track to Meet Local Sourcing Goal of 35% by 2020
Morocco has a booming aeronautics industry attracting world giants from Bombardier to Boeing bringing the local sourcing rate to 29% currently with the goal of reaching 35% by 2020.
The industrial clusters created to support this industry have proven their efficiency towards increasing the local sourcing rate up from 17% in 2016.
Industry Minister, Moulay Hafid El Alamy said given the current progress rate that goal may be outstripped to stand at 39% by 2020.
The aeronautics sector grew by 18.4% in 2017 building on industrial zones dedicated to the industry.
About 15,500 people are employed in Morocco’s aeronautics sector, which aims to generate a turnover of $2.8 billion and create 23,000 jobs by 2020.
Boeing already has a joint venture with France’s Safran in Casablanca to build wire bundles and harnesses for aircraft makers, including Boeing and Airbus.
Besides Boeing, other global aviation industry giants launched investments in Morocco including Bombardier, Latisma, Alcoa and Stelia, a subsidiary of Airbus.
Over 125 companies have been operating in Morocco’s aeronautics sector, which ranks 15th worldwide in terms of attracting aviation industry investments.