Business Headlines Morocco

Morocco’s industrial output nears $100 bln – minister

Morocco’s industrial sector has expanded to nearly 900 billion dirhams ($98 bln) in national production, including around 400 billion dirhams in exports, marking a decisive step in the country’s shift toward an industrial policy centered on economic sovereignty, Moroccan industry and trade minister Ryad Mezzour said.

The figures were presented by Ryad Mezzour during a parliamentary session, highlighting the scale of Morocco’s productive capacity as it moves into a new phase of state led industrial strategy.

Mezzour emphasized that this strategic reorientation is not a temporary reaction to global upheaval, but the outcome of a royally driven vision conceived before today’s disruptions in supply chains, international trade, and economic balances.

Set in motion by King Mohammed VI in March 2023, the policy aims to create sustainable, high quality jobs, reinforce innovation, and stimulate investment across all productive sectors.

Morocco now possesses a mature, competitive industrial ecosystem capable of addressing domestic needs while positioning itself in global markets, he said.

However, he stressed that Morocco must go further in strengthening and promoting the “Made in Morocco” label to better anchor national products abroad and reinforce economic independence.

The minister also outlined the government’s priorities in food sovereignty, noting that expanding domestic production capacity is essential to guarantee market supply at affordable prices.

Exports remain a strategic choice, allowing Morocco to balance domestic revenues with income generated internationally, an approach aimed at maintaining competitiveness while supporting farmers and producers, he said.

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