Aviation: Masterflex Group To Open New Plant Near Morocco's Casablanca
'With an investment of almost three million euros over the next five years, the company plans to build a production facility and offices on an area of around 4,000 square meters,' Masterflex Group said .
The company added that the opening of the facility is part of its first step, seeking to create at least 65 jobs in the coming years.
Masterlex CEO Andreas Bastin commented on the opening of the new plant, recalling the importance of the global aviation industry that is experiencing an 'extraordinary increase in demand for air travel.'
The sector is reaching 'record highs both nationally and internationally,' he said, noting that Morocco has become an attractive location for aviation companies thanks to its investment-friendly climate and its proximity to Europe.
'The good training, the high quality of the work, the strict adherence to processes and quality standards, but also the geographical proximity and the overall costs – these are all factors that convinced us to choose Morocco,' Bastin explained.
The group further stressed the importance of the aerospace and automotive sectors in Morocco, noting that the Masterflex Group is benefiting from a major investment program in this sector.
Data from 2024 shows that Morocco's aviation manufacturing sector concluded last year with unprecedented growth.
Exports increased by 17.3% to reach $2.1 billion in the first ten months, surpassing the previous year's record.
President of Midparc Hamid El Andaloussi said in an interview last August that the country's aerospace exports are expected to double to $4 billion by 2030.
A new analysis by Marie-Noelle Nwokolo, an associate researcher at the Brenthurst Foundation, also highlighted the growing importance of Morocco's aviation sector.
According to Nwokolo, the North African country was the first African country to sign an Open Skies agreement with the EU in 2006.
Morocco has long emphasized its vision to double employment in the aerospace sector by 2030. The sector created an overall of 20,000 jobs, reaching an integration rate exceeding 40.5%. Tags: aviationaviation in morocco
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