Rabat – Morocco’s Minister of Industry and Commerce Ryad Mezzour has signed a memorandum of understanding (MoU) with aerospace and aviation manufacturer Israel Aerospace Industries (IAI).
The MoU – signed on Wednesday – looks to build on a Morocco-Israel declaration signed in December 2020 in Rabat, to promote economic cooperation between the two countries particularly to create more investments and develop new technology.
IAI Chairman Amir Peretz visited Rabat to sign the agreement and strengthen relations with Morocco in the fields of aerospace and aviation innovation, maintenance, and transformation.
The MoU lays the framework for cooperation in the aerospace and aviation sectors and also aims to promote local employment, manufacturing, innovation, research, and development.
Morocco and IAI have identified investment opportunities in 3D printing and manufacturing of airplane cabin interiors and engine and aerostructure parts. The agreement also looks to foster R&D and engineering partnerships with Moroccan suppliers.
The strategic partnership, “opens the door to a win-win industrial collaboration in the aeronautical industry,” stated Mezzour.
“This partnership takes advantage of IAI’s expertise in the field of aviation and the technological capabilities of our aeronautical platform and its positioning as a growth driver for the development of investment in advanced industrial sectors and aeronautical services,” the minister said.
Read Also: Morocco, Israel Conclude $500 Million Deal for Missile Defense System
The MoU aligns with IAI’s growth strategy as the company expands into new markets, providing customers worldwide with advanced technology solutions, according to IAI’s president Boaz Levy.
“We are proud to sign this agreement and believe this is a partnership that will lead to new joint developments and advance the global aviation industry,” he said.
IAI’s chairman Peretz also welcomed the new partnership, stressing the “incredible potential that exists in Morocco.”
Recalling his Moroccan roots, Peretz expressed pride in having “the two countries that make up my identity are moving forward together towards a better future” shaped by friendship, cooperation, and shared values.
The IAI delegation visited Nouacer’s aeronautical pole and Institute of Aeronautical Professions (IMA), to increase their knowledge of the Moroccan aeronautical industry.
Founded in 1953, IAI manufactures aerial and astronautic systems for both military and civilian use. Over decades, the company has provided technological solutions to government and commercial customers worldwide, including satellites, missiles, weapons systems and munitions, unmanned and robotic systems, and radars.
Read Also: Morocco, Israel Formalize Military Agreement to Boost Security Cooperation
