Moroccan Industry is Doing Well, Official
Rabat - The Moroccan industry is doing well, despite the particular context of the Covid-19 crisis, Minister of Industry, Trade and Green and Digital Economy Moulay Hafid Elalamy said on Wednesday in Rabat.
"In August 2020, all sectors posted higher increases than those registered during the same period of the previous year, with the exception of aeronautics which posted a decrease of 14%", said Elalamy during the "Carrefour Diplomatique" meeting, with foreign Ambassadors accredited to Morocco. From July 2020, the majority of industrial sectors exceeded the levels reached in 2019, he noted, underlining that despite this restart, we will not find higher levels for the whole year, compared to 2019, given the impact of the cessation of activity on Moroccan industry.
On this occasion, Elalamy highlighted the national industrial strategies under the leadership of HM King Mohammed VI, enabling continuity, while achieving convincing results. The Minister gave the example of the automotive sector, which over time has established itself and is holding an important place in the national industry, which led to a desire to accelerate its industrialization. It is in this perspective that the industrial acceleration plan was born, in order to consolidate the achievements, he said, noting that this plan has its roots in the previous plans, while bringing changes particularly in terms of the creation of ecosystems and an industrial development fund to support operators.
Recalling that this plan has set strategic and ambitious objectives, through the creation of 500,000 new jobs and the production of 600,000 vehicles by 2023, Elalamy noted that these objectives were exceeded by the end of 2019, with the creation of 505,000 jobs and the creation of 700,000 vehicles per year. In this regard, he highlighted the notable changes in the Moroccan industrial fabric in recent years, noting that several sectors have experienced strong development, including in particular the car industry which has become, for 4 years, the leading exporting sector of Morocco ahead of phosphates. Organized at the initiative of the Diplomatic Foundation, the 94th session of the "Carrefour Diplomatique" took place with the participation of around 50 Ambassadors and Representatives of International Organizations, including 12 in-person, and the rest by teleconference.
"In August 2020, all sectors posted higher increases than those registered during the same period of the previous year, with the exception of aeronautics which posted a decrease of 14%", said Elalamy during the "Carrefour Diplomatique" meeting, with foreign Ambassadors accredited to Morocco. From July 2020, the majority of industrial sectors exceeded the levels reached in 2019, he noted, underlining that despite this restart, we will not find higher levels for the whole year, compared to 2019, given the impact of the cessation of activity on Moroccan industry.
On this occasion, Elalamy highlighted the national industrial strategies under the leadership of HM King Mohammed VI, enabling continuity, while achieving convincing results. The Minister gave the example of the automotive sector, which over time has established itself and is holding an important place in the national industry, which led to a desire to accelerate its industrialization. It is in this perspective that the industrial acceleration plan was born, in order to consolidate the achievements, he said, noting that this plan has its roots in the previous plans, while bringing changes particularly in terms of the creation of ecosystems and an industrial development fund to support operators.
Recalling that this plan has set strategic and ambitious objectives, through the creation of 500,000 new jobs and the production of 600,000 vehicles by 2023, Elalamy noted that these objectives were exceeded by the end of 2019, with the creation of 505,000 jobs and the creation of 700,000 vehicles per year. In this regard, he highlighted the notable changes in the Moroccan industrial fabric in recent years, noting that several sectors have experienced strong development, including in particular the car industry which has become, for 4 years, the leading exporting sector of Morocco ahead of phosphates. Organized at the initiative of the Diplomatic Foundation, the 94th session of the "Carrefour Diplomatique" took place with the participation of around 50 Ambassadors and Representatives of International Organizations, including 12 in-person, and the rest by teleconference.