Moroccan officials want to grow the country's aviation industry, as companies like Airbus and Boeing outsource production, design and maintenance to countries from Thailand to Mexico.
Moroccan officials want to turn the country into an aviation hub, luring investors aiming to spread out their supply chains to more nations with available and affordable workers. The North African kingdom is among a longer list of countries vying for contracts with big manufacturers looking to speed up production and deliver more planes to meet demand.
In Morocco, efforts to grow the country's $2 billion-a-year aerospace industry are part of a years-long push to transform the largely agrarian economy through subsidizing manufacturers of planes, trains and automobiles. Officials hope it dovetails with efforts to grow Moroccan airlines, including the state-owned Royal Air Maroc. 'The needs are huge and we are in a very good position,' said Hamid Abbou, the airline's CEO.
At an event celebrating Safran's 25-year partnership with Royal Air Maroc, Safran CEO Jean-Paul Alary said he hoped Morocco's aviation industry would continue to expand, particularly as industrywide demand increases and companies face labor shortages in Europe. 'It’s the access to well-qualified talent that's been well-trained,' Alary said of Morocco. 'They are the key players for achieving our goals.
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