Morocco’s industrial plan creates over 400,000 jobs since 2014

Morocco has created 405,496 jobs thanks to projects launched under the umbrella of the industrial acceleration plan, Minister Moulay Hafid El Alamy said.

With such a figure, the plan launched in 2014 has met 81% of its goal to create 500,000 employment opportunities by 2020, said the industry minister.

The plan also aims at bringing the sector’s contribution to GDP from 14% in 2014 to 23% by 2020 through establishing coherent ecosystems aiming at the integration of the value chains and the consolidation of the local relations between big firms and SMEs.

This approach is meant to facilitate technology transfers as well as further business integration to improve quality and productivity.

Some of the most remarkable results were posted by the car industry, aeronautical industry and phosphates.

Thanks to this plan, Morocco created clusters in the car industry and aeronautics, attracting investments by car giants such as Renault and Peugeot along with leading car-part suppliers. The same can be said about aeronautics with investments from Bombardier, Latisma, Alcoa and Stelia.