Morocco has a booming aeronautics industry attracting world giants from Bombardier to Boeing bringing the local sourcing rate to 29% currently with the goal of reaching 35% by 2020. The industrial clusters created to support this industry have proven their efficiency towards increasing the local sourcing rate up from 17% in 2016. The aeronautics sector grew by 18.4% in 2017 building on industrial zones dedicated to the industry. About 15,500 people are employed in Morocco’s aeronautics sector, which aims to generate a turnover of $2.8 billion and create 23,000 jobs by 2020. Over 125 companies have been operating in Morocco’s aeronautics sector, which ranks 15th worldwide in terms of attracting aviation industry investments.

Source: The North Africa Journal June 02, 2018 12:33 UTC