Morocco’s aviation industry exports are expected to reach $4 billion by the end of the decade, driven by increased orders from global manufacturers, particularly Boeing and Airbus, Hamid Al Andaloussi, head of Midparc, Morocco’s largest aviation industrial zone, said.
Al Andaloussi told Asharq Business that Morocco’s aviation industry is set to grow by an average of 15% starting in 2024. This growth is projected to double the number of jobs in the sector to 40,000 and double export value to $4 billion by 2030.
Al Andaloussi attributed this growth to Morocco’s focus on training a skilled workforce, which has been crucial in attracting significant investments from France, the United States, and Canada. However, he stressed the need to attract investments from additional markets, diversify export markets, and localize the defense industry domestically to create added value.
According to the same source, Morocco has been the biggest beneficiary of the development of its aviation industry, which began 25 years ago.
Al Andaloussi predicts that Morocco’s aviation sector will set a new export record this year, reaching approximately $2.4 billion. He also expects continued momentum in the coming years, with rising orders from aircraft manufacturers and the anticipated first investments in the domestic defense industry in 2025.
Asharq Business reported that the global aviation industry is recovering from the historic crisis caused by the COVID-19 pandemic. Al Andaloussi noted that manufacturers’ order books are full for the next decade, with a need to produce 46,000 aircraft over the next 20 years, translating to approximately $8 trillion in revenue from manufacturing and maintenance services.
In June, Morocco announced the creation of two new industrial zones dedicated to defense equipment, security systems, weapons, and ammunition. The government has allocated $12.6 billion in this year’s budget to purchase and repair military equipment and support the development of the defense industry.
Morocco ranks 20th globally in the aviation industry. According to Moroccan Minister of Industry and Trade Ryad Mezzour, local companies are capable of manufacturing any part of an aircraft, with the local component currently standing at 40%, based on official data.
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