The Moroccan aeronautical sector is able to emerge from the current crisis related to the novel coronavirus even “stronger” than before, said Tuesday minister of Industry, Trade and Green and Digital Economy, Moulay Hafid Elalamy.
“The prospects are extremely interesting. Morocco has been resilient during this period of pandemic and we have even received international investors with whom we have advanced on extensions of their investments,” said Elalamy during the event “Rendezvous of the aeronautical industry.”
Stressing that “the Kingdom has established itself over the years as a credible actor in this sector to play, with transparency and clarity, in the big league,” the minister reviewed the figures achieved by the aerospace sector during the past year, marked by the Covid-19 pandemic.
“We still have 142 companies in the sector. In terms of employment, we had 10% loss, against 43% recorded at the global level,” he said, adding that in terms of export turnover, the Moroccan aerospace sector has experienced a decline of 29% in 2020, against 50% noted internationally.
Real locomotive of the national economy, aeronautics is currently a showcase of skills of Moroccan engineers and technicians, noted Elalamy.
In this regard, he referred to the rate of local integration which stood last year at 38% to exceed the initial target (35%) set under the Industrial Acceleration Plan (PAI). “Manufacturing 38% of a complete aircraft is quite rare. Highly developed countries make much less because they subcontract everywhere, and less developed countries also often make less because they only provide part of these aircrafts.”
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