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Andalucia Businessmen Interested in Investment Opportunities in Morocco’s Aeronautical Market worth over $2.8 Bln

A delegation representing several Spanish aerospace companies from Seville and Cadiz visited lately Casablanca to explore the investment opportunities offered in the Kingdom’s aeronautic sector, generating annual revenue exceeding $ 2.8 billion. The Spanish trade mission was organized by Andalucía TRADE, Andalucía Aerospace and Moroccan grouping of aeronautical & space industries (GIMAS) to strengthen business […]

Business Columns Emerging Markets Headlines Morocco

Morocco accelerates aerospace ambitions with Safrans’ engine assembly plant

Morocco’s aerospace industry is entering a new phase of expansion and global integration, marked by the launch of a major aircraft engine complex by French aerospace leader Safran. The project, unveiled on October 13 in the presence of King Mohammed VI, reflects the country’s transformation into a strategic hub for high-value aviation manufacturing and services. […]

Business Emerging Markets Headlines International Morocco

Royal Air Maroc & Safran enhance their partnership in aircraft engines maintenance

Royal Air Maroc and Safran have agreed to foster their partnership in aircraft engines maintenance, the backbone of a secure and reliable air travel system. The agreement was inked in Casablanca by Hamid Addou, CEO of RAM, and Jean-Paul Alary, CEO of Safran Aircraft Engines, in the presence of Mohamed Abdeljalil, Minister of Transport. Safran […]

Business Columns Headlines Maghreb Morocco Opinions

Morocco ahead of schedule in aeronautical industry goals

Morocco is moving forward posting results that have surpassed the set goals for the aviation industry 2020 plan. With 140 enterprises in 2019, the sector grew from 3 enterprises 20 years ago and is now generating revenue of 17 billion dirhams. French Safran for example intended to open a plant employing 400 people but now […]

Business Columns Headlines Morocco Opinions

Morocco’s Aeronautics Industry Aims to Generate $2.8 bln Turnover by 2020

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 […]

Business Headlines Morocco

Morocco: American Alcoa Group Launches Production Plant in Casablanca

American aeronautic group Alcoa (Aluminum Company of America) launched, via its branch Alcoa Fastening Systems, a plant in Casablanca as part of its expansion program in Morocco. The new plant, named Alcoa Fixations Casablanca, required a €5.4 million investment. It covers a total surface of 6,300 square meters. The new site is located at Casablanca […]

Business Headlines Morocco

Morocco: American Hexcel Settles in Casablanca

American Hexcel Tuesday entered the Moroccan aeronautic market breaking ground on a new engineered core facility in MidParc Free Trade Zone Industrial Park in Casablanca, Morocco with an investment of $20 million. When fully operational in 2017, the facility will convert HexWeb® honeycomb materials into engineered core parts that are used for structural reinforcement and […]

Headlines Morocco

Morocco’s Aeronautics Gets $ 20 Mln Investment from US Hexcel Corp.

Hexcel Corporation has announced plans to build a 117,000-square-foot manufacturing plant in Casablanca, Morocco. The $ 20 million new facility will enhance Hexcel global engineered core capacity. This project is part of the US company’s worldwide investment to create a diversified and robust global supply chain to support aerospace customers’ growing demand for engineered core. […]