The metal and mechanical industry could create 13,340 new jobs by 2020, according to the FIMME president.
Rabat – The Ministry of Industry, Trade, and the Digital Economy and the Federation of Mechanical, Metallurgical, and Electrical Industries (FIMME) launched the Mechanical and Metallurgical Industries Ecosystems (IMM) project at the third Industry Morning event in Casablanca on Thursday.
Speaking on the occasion, FIMME President Tarek Itri said that launching IMM ecosystems would stimulate the growth of the metal and mechanical sector. He estimated the has the potential to create 13,340 new jobs by 2020.
He also asserted out that the new ecosystems would achieve MAD 1.7 billion in added value and improve the trade balance by MAD 2.3 billion.
IMM ecosystems will also generate annual revenue of MAD 11 billion, Itri predicted. He pointed out that the IMM ecosystems were structured based on job creation potential and the feasibility of activities in Morocco.
Morocco’s 2014-2020 Industrial Acceleration Plan introduced a new approach based on the establishment of industrial ecosystems and collaboration projects to create jobs.