economy To faster change

Paris - The US aerospace giant, Boeing, announced that it will hold a trade summit next October 12 in Casablanca in partnership with the Ministry of Industry, Trade and New Technologies.

This trade mission aims at introducing Boeing’s suppliers to Moroccan companies and encourage strong partnerships with the country through the Moroccan Aerospace Industries Association, the aerospace company said at a press conference at the Paris Air Show in Le Bourget.

"We have a long and productive relationship with Morocco, dating back to 1969 when Royal Air Maroc first purchased a Boeing 727," said Stan Deal, vice president and general manager of Supplier Management for Boeing Commercial Airplanes at a joint press conference with Ahmed Réda Chami Industry, Trade and New Technologies Minister.

"We are experiencing an unprecedented surge in demand for airplanes. The Moroccan government has made a strong commitment to developing its aerospace industry, both in infrastructure and workforce training, that will support growth. We feel that Boeing and our suppliers can benefit from an expansion of the aerospace industry there," Deal added.

Boeing is already a shareholder in MATIS, a Moroccan company specializing in aerospace wiring and harness products that will celebrate its 10th anniversary of operation later this year. The US aerospace company has also developed strong relationships with many of the 100 other aerospace-related companies in Morocco.

Chami, for his part, recalled that "Morocco has identified the aerospace industry as a key sector for investment as part of its global industrial strategy."

"We believe that partnerships, like the one we have with Boeing, demonstrate that we have developed an attractive aerospace value proposition that includes specific incentives in infrastructure, training and taxes, among others,” the Moroccan official said.

Chami expressed satisfaction regarding the promotion of partnership with Boeing to include more of the aerospace company’s suppliers who “will find a welcoming environment for investment in Morocco."