50 SKY SHADES - World aviation news

Boeing agreement set to create thousands of jobs in Morocco

Download: Printable PDF Date: 28 Sep 2016 14:47 category:
Publisher:
Boeing agreement set to create thousands of jobs in Morocco - Manufacturer publisher
Tatjana Obrazcova
Country: Morocco Aircraft: Airplanes
Source: Reuters

Morocco has signed an agreement that Boeing will seek to attract its suppliers to boost the kingdom’s aeronautics industry.

The "Boeing ecosystem" project aims to bring around 120 suppliers of the company to help raise Morocco’s aeronautics exports by US$1 billion and create 8,700 jobs.

Boeing already has a joint venture with France’s Safran in Casablanca to build wire bundles and harnesses for aircraft makers, including Boeing and Airbus.

The agreement was signed in the royal palace of Tangier by Moroccan trade and industry minister Moulay Hafid Elalamy and the chief executive of Boeing’s aircraft business, Raymond Conner. Morocco’s King Mohammed attended the ceremony.

"Boeing will actively reach out to more than 120 suppliers in the near term to encourage this to happen," Mr Conner said.

He and Moroccan officials declined to give details or to say whether some of the suppliers have already commited to open new plants in the kingdom.

Unlike some other countries in the region, Morocco has managed to avoid a big drop in foreign investments since the global financial crisis and the Arab Spring uprisings of 2011, partly by marketing itself as an export base for Europe, the Middle East and Africa.

It has attracted some big car and aeronautics investors in recent years, including Delphi, Bombardier and Eaton.

It has already exported 5.7 billion Moroccan dirhams (Dh2.16bn) of aircraft parts in the first eight months of 2016, which represent around of 3.5 per cent of Moroccan exports. The aeronautics sector has been growing by around 7 per cent annually.

Morocco expects car industry exports to reach 100bn dirhams a year by 2020 thanks to PSA Peugeot Citroën’s decision last year to build a factory slated to produce 200,000 vehicles a year. It expects the Peugeot plant to raise industry to 20 per cent of GDP) from 16 per cent.



Loading comments for Boeing agreement set to create thousands of jobs in Morocco...


Recommended

Jet Aviation develops STC to replace cockpit displays with DU-875 LCD units

Jet Aviation is updating obsolete cockpit displays with DU-875 LCD units in a partnership with Honeywell that allows displays to be replaced one at a time or all at once and includes a $40,000 tr...

140,000 sq. ft. Biggin Hill Airport development set for completion by Christmas

London Biggin Hill Airport is announcing that work on its 60,000 sq. ft hangar, 10,000 sq. ft office block and 70,000 sq. ft additional ramp space is on track for completion in time for Christmas,with...

Qantas Unveils First Dreamliner, Great Southern Land

Qantas has unveiled its first Boeing Dreamliner, the game-changing aircraft that will open up new routes and new levels of comfort for travellers. The latest addition to the Qantas fleet, the 787-9...

Textron Aviation inks order for 11 aircraft to support air ambulance missions in Norway

Textron Aviation has secured a fleet order from Babcock Scandinavian Air Ambulance for 11 aircraft, including the first medevac-configured Cessna Citation Latitude midsize jet and 10&nb...