Wednesday, June 3, 2015

China now sees Morocco as a base for manufacturing

By Nadia Rabbaa in Rabat 

THE AFRICA REPORT - Wednesday, 03 June 2015  

The government is working with investors to set up hubs in the manufacturing sector – from textiles to cars and electronics – that team big companies with smaller players.
 It is time for a shift change at Tangier Free Zone.
Rows and rows of small buses queue to enter the industrial park, bringing a new batch of workers to make components for cars and circuit boards for electronics.
Morocco is betting on manufacturing as a means to strengthen the economy and to provide jobs and technology transfers.
That will mean raising industry's contribution to Morocco's economy.
Moulay Hafid Elalamy, Morocco's trade and industry minister, plans to increase it from 14% today to 23% by 2020.
He took office in October 2013, and last year he delivered his industrial strategy to King Mohammed VI's government.
It builds on previous iterations of the national Plan Emergence, which focused on creating industrial ecosystems around big foreign companies such as Canadian aerospace company Bombardier and French car manufacturer Renault.