First Independent Mena Newspaper
Morocco has achieved two years ahead in 2018 the goals it pinned on the automotive industry, notably in terms of turnover, exports, local sourcing and jobs. Thanks to an ambitious industrial acceleration plan that spurred public-private partnership and encouraged investments by global suppliers, Morocco’s automotive industry achieved the goals set for 2020 two years ahead, […]
Morocco has taken a series of reforms to diversify the triggers of growth for its economy away from dependence on agriculture, phosphates and tourism through developing competitive industries and diversifying its trading partners. Agriculture weights about 15% of the Moroccan economy making the amount of rainfall key to influence economic performance. Last year, cereals output […]
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 […]
Morocco is steadily forging ahead with the goal of creating 500,000 jobs in the industrial sector by 2020 as part of the Industrial acceleration plan, said Industry minister Moulay Hafid El Alamy noting that 280,000 jobs have already been created between 2014 and 2017. He said at a press conference that the current pace would […]
The Souss-Massa region, which attracted more than 18 billion dirham-investments in 2017, is poised to become a platform of exports towards Africa. This new vocation of the region was stressed at a ceremony held Sunday in Agadir under the chairmanship of King Mohammed VI and during which the Souss-Massa Regional 2014-2020 Industrial Acceleration Plan was […]
Aeronautics is a key component of Morocco’s Industrial Acceleration Plan. The sector aims to generate a turnover of 2.8 billion dollars and create 23,000 jobs by 2020. The figures were announced by Industry Minister Moulay Hafid El Alamy in a statement to local media saying that the goals set for the aeronautics sector include reaching […]
The African Development Bank (AfDB) approved a loan of $200 million to Morocco to boost the country’s industrialization plan, local media said. The loan will help fund the first phase of the support program of the Industrial Acceleration Plan, which aims to create 500,000 jobs by 2020 and to increase the share of industry in […]
The production of the millionth car by the Tangier Renault plant marks the success of a unique public-private partnership putting Morocco on the map of the global automotive industry, said Industry and Investment Minister, Moulay Hafid Elalamy. Speaking Monday at a press conference on the occasion of the celebration of the export of the millionth […]