This article was automatically translated from HIBAPRESS, the Arabic version:
This article was automatically translated from Hibapress, the Arabic version:
Heba Press
The Minister of Industry and Trade, Riyad Muzour, confirmed today, on Wednesday in Rabat, that the development of national industry lies in the multiplicity of its productive tributaries, which effectively contribute to the consolidation of the status of industry within the national economic system.
Mazur declared, during a discussion session on “macroeconomic policies, investment climate and dynamics of employment in Morocco” within the framework of a national symposium organized by “the opponent working group in charge of the evaluation of public policies linked to investment and exploitation” in the Chamber of Advisors, that these sectors are mainly concerned, the food industry, the Auto Sector Industries and Industries pharmaceuticals.
He added that the Kingdom has several promising industrial sectors which represent great growth and development opportunities, in particular the electric car batteries sector, where Morocco has all the ingredients necessary to build an industrial series integrated in this field, as well as the field of green hydrogen which qualifies the kingdom to play a central role on the European market.
He highlighted that Morocco was able, Thanks to the Strategic Vision of His Majesty King Mohammed VI, To Establish the Foundations of A Strong and Integrated Industrial Economy, Based On Diversifying the Productive Sectors and Enhancing the Attractiveness of the Investment Climate, Which Contributed Opportunities and Achieving Field Justice, Recording that Dynamic is Clearly Evident in the remark Growth of Industrial Export That Have Doubled More Than Five Times Sale the Beginning of the Millennium to Reach About 398 billion AED 2024, or 88% of the total national exports.
He explained that foreign direct investments directed to the industrial sector have doubled three times in the last decade, reaching 16.5 billion dirhams in 2024, which reflects growing global confidence in the Moroccan economy and its attractiveness as a preferred investment destination.
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