The Minister of Industry, Trade and Green and Digital Economy, Moulay Hafid Elalamy, said Monday in Rabat that the aviation sector has declined by 14% in recent months. This is due to the impact of the Coronavirus pandemic (Covid-19).
Mr. Elalamy spoke on “the strategy of the Ministry to mitigate the impact of the pandemic on global professions in Morocco” in the House of Representatives. He said that the only sector experiencing difficulties in exports is that of aviation and the manufacture of aircraft parts. Indeed, the sector has declined by 14% in recent months, representing an overall decline of 75%.
After highlighting the impact of Coronavirus on the Moroccan economy, the Minister revealed the recovery of 96% of jobs in the industry sector so far. He said that this situation has demonstrated that the Kingdom’s strategic options have yielded positive results given the high level of sectors in which Morocco has chosen to invest and that it has been accompanying for years.
He said that the options chosen by the Kingdom have yielded positive results and that Moroccan industry has gone, during the pandemic, through difficulties “which are gradually overcome during each phase”.
In this regard, Mr. Elalamy gave the example of the textile and clothing sector, which has experienced in recent months, significant growth by recovering 94% of jobs, after a decline of more than 40%. Meanwhile, the automotive sector has outgrown, 104% of jobs created in October compared to last year. As for the transfer of services, the sector has grown by 99%, while 97% in electricity and electronics and 96% in chemicals and semi-chemicals.
Regarding the measures undertaken to overcome these difficulties, the minister said that HM King Mohammed VI has given his High Instructions to implement all available opportunities in all sectors to overcome the impact of the pandemic.
In the industrial sector, Elalamy confirmed that the Ministry has adopted a new strategy to accompany the industrial acceleration plan. He added that this phase has revealed the strength of Morocco’s industry and economy, since it has now become an example in the world. This in view of the downturns in the economies and industries of countries around the world.
He also said that the automotive sector has continued manufacturing as before and that three investment agreements in the sector will be signed later, with 7,500 new jobs. He said that the choice of investing in Morocco during the pandemic reflects the singularity of the Kingdom and the ideal climate for investment.
Regarding the food industry sector, the government official explained that a new plan special to this industry will be implemented. Since the implementation of the joint strategy between the Ministry of Agriculture and the Ministry of Industry through an agricultural and industrial development fund, the sector has achieved positive results. These include the creation of 209 new projects of 5.8 billion dirhams, 27,740 direct jobs, and the determination of 21.7% turnover, including 6.3 billion for export.
On the other hand, the Minister said that the support of the investment development fund will reach 21 billion dirhams between 2014 and 2021.