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Main Industries

 

The main industries in Morocco are renewable energy, aeronautics and the automotive industry and electronics which have made significant strides over the past decade, in addition to the offshoring sector, textile, food processing, pharmaceutical industry and mining. The Kingdom of Morocco introduced 4 years ago an new industrial policy, known as the Industrial Acceleration Plan which aims to bring the sector’s contribution to the GDP from its current 14% to 23% by 2030, and create 500.000 new jobs. Between 2008 and 2016. the added value of the secondary sector increased by 2.5 % per year on average, which represents 28.9% on average of the total added value (TAV). Textile industry creates more than 200.000 jobs and exports about 4.39 billion AUD. In order to take better advantage of its potential and to establish sustainable growth, the Kingdom has developed a global vision, integrating both export and domestic market. Regarding food processing, Morocco’s temperate climate, soil and water resources has made of it the second largest processing industry in Morocco, while the pharmaceutical industry is about to bring its contribution to GDP from 14% to 23% by 2020 and create 500.000 new jobs. Furthermore, the mining industry of Morocco is important to the national economy, for the fact that the Kingdom is the world's second largest producer of phosphate, and contains about 75% of the world's estimated reserves. The sector plays a major role in the country’s economy, as it contributes by 21 percent of the value of export remittances and employs about 40.000 people. 4 The renewable energy is at the core of the national energy policy, which is moving towards a diversification of sources of energy supply by bringing the contribution of green energies to 42% of electric power by 2020. It is worth mentioning that by the year 2030, Morocco would have invested 54 billion AUD, in projects aiming to develop the energy sector. The Kingdom has succeeded, through an ambitious strategy, to turn its challenges into genuine investment opportunities, through its commitment to projects aimed at developing the energy sector by 2030, 75% of which are devoted to renewable energies

Aeronautics is a key component of Morocco’s Industrial Acceleration Plan. The increasing investments by global giants in the sector grew by 18% in 2017 compared to 2016. This sector aims to generate a turnover of 2.8 billion dollars and create 23,000 jobs by 2020. 

The acceleration plan has also successfully contributed to the development of the automotive sector in Morocco. This sector is leading the way in the MENA region as the best performer due to the Kingdom’s strong production growth outlook, low labor costs, and favorable industry policy. Automobile Ecosystem Snapshot 5 Offshoring sector has had a very positive growth dynamic on the international front with an estimated development of 25% per year. Morocco is becoming one of the world’s leading destinations especially in the French-speaking countries. Morocco was elected the best offshoring destination for the year 2012 by the European Outsourcing Association (EOA). By 2020, the Industrial Acceleration Plan aims at achieving a GDP of 2.2 billion AUD and creating a workforce of 100,000 jobs. The activities of offshoring concern primarily the Business Process Outsourcing (BPO) which includes general administrative activities and functions, activities for management of client relationships and business-specific activities and the area of Information Technology Outsourcing (ITO), which includes infrastructure management, software development and software maintenance.