Morocco aerospace exports may hit USD 5 billion in three years
Bangladesh, Oct. 26 -- Morocco's aerospace industry could see its annual exports climb to about USD 5 billion within three years, up from USD 3 billion last year, as the sector draws new suppliers for high-value parts, an industry group has said.
Mohammed Bellatig, Head of the industry association GIMAS, shared the projection on the sidelines of the Marrakech Airshow, held earlier this month.
Morocco's aerospace sector currently employs roughly 25,000 people across about 160 companies, including suppliers to Airbus, Boeing, and Safran.
The industry is now looking to move beyond producing individual components and into manufacturing more complex aerospace systems to boost local value addition.
Bellatig said the country would soon begi...
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