This Tuesday at the Royal Palace in Tangier, His Majesty King Mohammed VI presided over the signature ceremony for a memorandum of understanding covering the creation of a Boeing industrial ecosystem in Morocco. This is a structuring project that will allow the Moroccan aeronautic industry to significantly improve its international standing.
As the product of a partnership between the Kingdom of Morocco and Boeing, a world aeronautics leader, this large-scale project involves creating an ecosystem made up of Boeing suppliers. It will establish an international sourcing platform based in Morocco.
This ecosystem is expected to produce an additional one billion dollars to the national export turnover. It will lead to the arrival of 120 Boeing suppliers and create 8,700 new, specialised jobs. To cover the training needs of this ecosystem, training programs, especially designed by Boeing, will be undertaken.
On this occasion, the Minister for Industry, Trade, Investment and the Digital Economy, Moulay Hafid Elalamy, made a speech in front of the King in which he presented an overview of the project. This undertaking will send a strong message to the industrial world confirming to major manufacturers the true capabilities of the country, even for the most complex sectors with the highest added value. The Minister explained, “After having chosen Morocco to create the MATIS factory through its partnership with RAM and Safran in 2001, Boeing has once again opted for the country. By building its own ecosystem Boeing is ushering in a new stage in the relationship, ten times greater than before.”
The President of Boeing’s “Commercial Aeroplanes,” Raymond L. Conner welcomed the vision of HM the King that has allowed Morocco to establish itself as an important player in the global supply chain for the aeronautic industry. “Coming off the back a 50-year relationship with Morocco, Boeing is proud to work once more with the government to develop the Moroccan aeronautic industry and to support the production needs and competitiveness of Boeing”, stated Mr Conner.
During the ceremony, His Majesty decorated Mr Raymond L. Conner with the Ouissam Alaouite (Grand Cordon), an important national honour granted by the king.
By creating the ecosystem Boeing is confirming once again the confidence it has in the country and its attractiveness for investors. The decision shows the maturity of the economy and the excellence of its human resources. These determining advantages are the product of the multidimensional strategies undertaken across the nation under the direct leadership of the King himself. It is also a clear demonstration of the recognised stability that has promoted on-going sustainable investment and development.
This ceremony took place in the presence of the presidents from both Chambers of Parliament, the advisors to His Majesty the King, members of government, representatives from the accredited diplomatic corps in Rabat, leading economic figures and other important personalities.