Since becoming a top-priority industry for Morocco, aeronautics have reached 5% of Morocco’s exports, and the industry looks to double by 2020:
Morocco is undeniably becoming a strategic platform to address the African continent. An increasing number of global companies choose to step in, first in Morocco, to then gain a faster access to other African markets. Its geographic proximity to Europe, its political stability and its competitive workforce constitute a powerful advantage.
This is especially true for the aeronautics sub-contracting market. However, the country has still a long way to go to be among the top performers in this sector.
The Moroccan aeronautics sector is enjoying an annual growth rate of 15% to 20% (with a slight softening to 13.8% in 2013 according to the Moroccan Office des Changes). Today, over 100 companies in the aeronautical sector are based there, employing over 8,000 people in total…[Full Story]