Morocco’s Aerospace Industry Soars: Integration Rate Hits 43%, Aims for 50% by 2025
The Moroccan aeronautics sector already has a local integration rate of 43%, the objective set in the 2021-2025 Industrial Acceleration Plan being to reach a rate of 50% by 2025. An ambitious objective that could be achieved, despite persistent constraints.
Thanks to local component production and the arrival of Moroccan subcontractors, the Moroccan aeronautics sector has reached an integration rate of 43%. A remarkable performance that places it among the world leaders, indicates the magazine Finances News Hebdo, attributing this result to the commitment of the public authorities and the players for the development of this sector.
This rate should reach 50% by 2050. This is in any case the objective set in the 2021-2025 Industrial Acceleration Plan. "To achieve this, several initiatives have been launched, such as the creation of industrial zones dedicated to aeronautics, the implementation of training and support programs for local companies and the strengthening of cooperation with international contractors," the publication reports.
The sectors such as electrical wiring, precision mechanics and composite materials have higher integration rates than other segments still dependent on imports such as on-board electronics or aircraft engines. The objective now is to work to reduce this dependence and strengthen integration in these segments and by ricochet, the entire supply chain, in order to benefit from the many advantages of local integration.
Integration "allows to reduce production costs, by limiting transport and customs costs. It secures supplies, by avoiding stock shortages related to the vagaries of the international market. It creates skilled jobs, by promoting high value-added professions. It strengthens the competitiveness of the sector, by improving the quality and responsiveness of Moroccan companies," details the magazine, however stressing that many challenges remain to be met, such as the lack of technical skills, the high cost of investment and the complexity of international standards.
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