Morocco jumps ten places in the latest innovation ranking and moves from 77th to 67th out of 132 economies evaluated, according to the latest edition of the GII (Global Innovation Index).
The Japanese automotive supplier Yazaki is strengthening its activities in Morocco with the inauguration in Kenitra of a new plant, the 4th in the kingdom and the 2nd in Kenitra.
In the next three years, Morocco intends to mobilize its efforts and resources to improve its production of electric cars, according to the Moroccan Minister of Industry and Trade, Ryad Mezzour.
Ryad Mezzour, Moroccan Minister of Industry and Trade, assures that Morocco will provide the United Kingdom with 8% of its electricity needs as part of the project to build a 3,800 km submarine cable connecting Morocco to the United Kingdom.
The Minister of Industry and Trade, Ryad Mezzour, announced that 2,000 new engineers will soon be recruited as part of the strengthening of the automotive industry in Morocco .
Morocco wants to reduce its dependence on external shocks by strengthening its industrial sovereignty . Several projects are being launched in this direction, with a view to promoting "Made in Morocco".
The Erum group, a specialist in the manufacture of plastic hangers, has strengthened its presence in Morocco by expanding its factory in Tangier. The inauguration ceremony took place on Wednesday in the presence of the authorities and the group’s managers.
Despite the crisis currently affecting the world, Morocco remains attractive in terms of foreign investment. Proof of this is the signing last week in Casablanca of four memoranda of understanding (MoUs) relating to investment projects in the outsourcing sector.
Morocco and Israel signed on Wednesday a cooperation agreement on civil aerospace projects , which will help attract investments from the company Israel Aerospace Industries (IAI).
Morocco is gradually recovering from the Covid-19 pandemic, while the Industry sector alone has recovered 40% of the jobs lost during the health crisis, said the Minister of Industry and Trade, Ryad Mezzour.
After Turkey, Morocco, determined to ensure compliance with the Free Trade Agreements with its partners, has just established negative lists with Tunisia and Egypt, temporarily excluding certain products from the tariff dismantling applied with these countries and subjecting others to a single tax of 17.5%.