US Magazine Forbes said that Morocco’s aviation Sector is experiencing “remarkable” evolution, stating that the Kingdom, a vibrant and strategic country in North Africa, is emerging as a key player in this field.
“The global aviation industry is expected to grow over the next 10 years, and I believe Morocco is emerging as a key player, as business people can leverage its favorable geographic location, skilled workforce and progressive business environment”, Henri Al Helaly, Business Strategist and CEO at Strategiae writes in an article published by the US media outlet.
The writer indicates that over the past few years, he has been working with businesses in the aviation space and is currently finalizing a joint venture that provides maintenance, repair and overhaul (MRO) services in Morocco, saying that through this experience, he’s learned a lot about Morocco, its aerospace industry and the benefits business people and investors could see when doing business in the country.
“Nestled between Europe and Africa, Morocco’s geographical location has positioned it as an attractive hub for business aviation. The country can provide access to vast markets, serving as a gateway for business expansion and trade opportunities”, he underlines, adding that Morocco’s proximity to Europe could provide an opportunity to expand operations and reach new markets.
He also points out that Morocco’s aerospace value-added trade is one of its fastest-growing sectors, according to the U.S International Trade Administration, saying that the country has established itself as a reliable and cost-effective destination for MRO services.
“Aviation and MRO services in Morocco also present a wealth of employment opportunities for the local workforce. These job opportunities contribute to the socioeconomic development of the country”, he indicates, noting that Morocco boasts a skilled and multilingual pool of talent for businesses to tap into as well.
According to Forbes, Morocco’s rise in business aviation and MRO services can also benefit clients from Africa and Europe, stating that there tends to be competitive pricing offered by Moroccan providers, and, when combined with a commitment to quality, this presents an attractive alternative to more expensive options in the region. With competitive operational costs, Morocco offers cost-effective solutions for business people and investors as well, which can allow them to optimize their budgets and potentially increase profitability, he says.
For the writer, Morocco offers a business-friendly environment with investment incentives, political stability and government support, which make it an appealing destination for business people and investors. “From my perspective, Morocco presents ample market potential for business people and investors to explore and capitalize on various business aviation and MRO service opportunities”, he stresses.
He also underlines that the Moroccan government has invested heavily in modern infrastructure development, including airports, adding that Morocco’s evolution in business aviation and MRO services signifies its emergence as a prominent player in the global aviation industry. “The expansion of these sectors can not only help create new job opportunities for Moroccans but also position the country as a cost-effective and efficient solution provider for clients in Africa and Europe”.
Forbes concludes by saying that Morocco’s aviation sector is poised for further growth and will contribute to the country’s economic prosperity and reinforce its position as a preferred destination for business aviation and MRO services.
Source: Agency Morocaine De Presse