| 25 May 2024, Saturday |

Morocco projects industrial exports worth $36 Bln in 2022

Morocco’s Minister of Industry and Trade, Ryad Mezzour, said Tuesday that Morocco’s industrial exports should reach 360 billion dirhams ($36 billion) in 2022.


During a session for the House of Councilors on “The outcome of the 2014-2020 Industrial Acceleration Plan”, Mezzour recalled that the volume of industrial exports had not exceeded 160 billion dirhams in 2013 (before the Plan was launched).


He highlighted a progression of about 200 billion dirhams in nine years.


This Plan has achieved a “very positive” outcome by exceeding its goal of creating 500,000 jobs, said the Minister.


He added that the plan has also created integrated industrial ecosystems, supported competitiveness, strengthened the confidence of Moroccan and foreign investors in the Moroccan industry, and enhanced the Kingdom’s attractiveness as a destination for industrial investment.


Mezzour said that the volume of trade with African states would reach more than 65 billion dirhams in 2022, noting that these exchanges have more than quadrupled during the period 2001-2021, from 10 billion dirhams to 46 billion dirhams in 2021.


“The ambitions are not yet achieved at this level,” he said.


Mezzour said that a set of projects still exist to consolidate trade and partnership with African countries, including the African Continental Free Trade Area, and the Dakhla Port.


After its completion in 2027, the Port is called to become a high-level gateway to Africa to improve access to African markets and accessibility of the African product to world markets, the Moroccan minister added.

  • Asharq Al-Awsat