Home Economy Industrial Acceleration Plan: Over 300,000 Industry Jobs to Be Created by 2020

Industrial Acceleration Plan: Over 300,000 Industry Jobs to Be Created by 2020

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Rabat – The Secretary of State for Investment has revealed that 300,000 new industry jobs will be created in the next three years as part of the Industrial Acceleration Plan (IPA).

Launched in 2014, the IPA is reaping what it sowed. One of the fastest-evolving sectors of the Moroccan economy, industry has come to be considered the Kingdom’s true growth engine, consolidating Morocco’s leadership in Africa.

One of the prospects of the Industrial Acceleration Plan was the creation of 1.3 million direct jobs in the industry sector for the 10 upcoming years. The figures of the State Secretariat for Investment show that since its implementation, 120,000 jobs have already been created, and 307,000 are engaged, making 427,000 posts in total.  

On his Twitter account, Secretary Othman El Ferdaous shared figures of the trained human resources needed in diverse sectors related to industry at the end of May 2017, broken down by year, sector and profile.

In total, 278,015 profiles will follow the adequate training in these sectors. Textile leads the list of the most demanding sectors, with a total of 65,205 profiles to be trained throughout the next three years, as part of the performance contracts to be signed by the end of 2017.

In second place, the offshoring sector marks a need for 50,000 profiles to be trained, followed by the automotive and leather sector. OCP, meanwhile, has a total of 22,500 profiles to be trained over the next three years.

The Secretary of State also highlighted the needs for profiles to be formed by region. Thus, Casablanca-Settat is at the top of the list in terms of performance contracts signed at the end of May 2017, with 120,059 profiles to be formed by 2020.

The Tangier-Tétouan region comes second with no less than 49,656 engineers, operators, and technicians to be trained in the next three years. In the third place, the region of Rabat-Kénitra shows a need for 45,250 profiles over the same period.

According to the ministry, the industrial strategy for 2020 is based on two main objectives: first, the creation of half a million jobs, half of which is generated by Foreign Direct Investment (FDI) and half from the restored national industrial fabric. Second, the creation of 9 percentage points from the industrial share in GDP, from 14 percent to 23 percent in 2020.

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