Moroccan and Canadian officials emphasized the importance of promoting business investment in Morocco in aeronautics at recent reception in Ottawa, Canada.
Rabat- According to Maghreb Arab Press (MAP), officials from both countries emphasized the need to improve bilateral cooperation in aeronautics.
The reception was held in honor of the members of the Moroccan Aeronautics Skills Network (Aero MAC) in Canada.
Morocco’s ambassador to Canada, Soraya Otmani, said that the aeronautical sector is “now one of the kingdom’s promising levers for growth and job creation.”
She said that the sector is growing at “20 percent per year, which is four times higher than the global average for the sector.”
She added that Morocco became the biggest exporter of aeronautical products from Africa in 2018.
The diplomat said that Morocco’s need for human resources to support the growth of the aerospace industry will increase tenfold in the years to come.
Otmani explained that a network of Moroccan skills in aeronautics in Canada will play a facilitating role for Morocco in its quest for attractiveness vis-à-vis foreign investors, especially Canadians.
Morocco’s aeronautics industry saw rapid growth in the last decade. In 2017, aeronautical exports exceeded $1.2 billion and jobs increased by 50 percent from 2016.
Several international aeronautics companies are active in Morocco.
The Montreal-based Bombardier company, the world’s third-largest aerospace and transportation manufacturer, built a manufacturing facility in Morocco in 2014.
Boeing also has a joint venture with France’s Safran in Casablanca to build aerospace parts, such as wire bundles and harnesses, for aircraft makers like Boeing and Airbus.
In October, Morocco hosted a forum for skilled Moroccans in Canada in the aeronautics industry to get involved in the development of Morocco’s aeronautics.
The first of its kind, the forum was held on October 5, in coordination between the Moroccan Ministry of Industry and the Ministry in charge of Moroccans Residing Abroad.
The forum convened 200 participants, cluding a delegation from Aero Montreal, Moroccan members of the Aero MAC, Canadian aeronautics experts, investors, institutional managers, and technical and financial partners.
According to Morocco’s foreign exchange office, the Moroccan aviation industry earned more than MAD 9.78 billion in the first 11 months of 2017, compared to MAD 8.42 billion in 2016, an increase of 16 percent.