First Independent Mena Newspaper
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 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 […]
Morocco called on FIFA President Gianni Infantino to ensure a “transparent” and “equitable” vote for the host country of the 2026 World Cup. The call was made by head of Morocco’s bid campaign Moulay Hafid El Alamy after media reports showed that Infantino may favor the joint North American bid. It is difficult in a […]
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 […]
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 […]
Set to diversify its global economic partners, Morocco partnered with China to build the Mohammed VI Tangiers Tech city as part of efforts to boost industrialization in the country. King Mohammed VI chaired a ceremony to sign the financing agreement of the $10 billion project which will be funded by Chinese group HAITE (002023.SZ), BMCE’s […]
Morocco has made a major leap in developing aviation-related industries with the signing of a deal with Boeing to establish an industrial ecosystem offering conditions propitious for attracting component suppliers. The agreement was signed in the royal palace of Tangier by Moroccan trade and industry minister Moulay Hafid Elalamy and the chief executive of Boeing’s […]
“Strengthening the competitiveness of Morocco’s economic fabric hinges on breaking away with the French model that is detrimental to economic development,” said trade and industry minister Moulay Hafid El Alamy who was speaking at a conference in his capacity as a businessman. The French mode has failed. It hinders entrepreneurship and favors employment by the […]
Morocco’s Phosphates group, OCP, is about to complete the construction of a fertilizer plant in Jorf Lasfar (110 km south of Casablanca) whose entire output will be destined to the African market. The plant, costing about $ 600 million, is expected to produce one million tons of fertilizers per year that will be wholly exported […]