Morocco’s fast-rising aviation industry spreads its wings

How Morocco is making a name for itself in aviation.

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.

This market is generating a turnover of around 800 million euros which represents 5% of Morocco’s total exports, and the industry is one of the top priority sectors in Morocco’s Industrial “Emergence plan.” Factories are expanding and companies are recruiting to support their growth. According to the Moroccan Space and Aeronautical Industries Group, the sector is likely to double in size by 2020.

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Source: CNN (4265 Articles)
Written by Violaine Larmandieu, Special to CNN