FINANCIAL NEWS

Morocco signs deal with Boeing to attract suppliers

29 Sep 2016

(MENAFN) Morocco signed a deal with Boeing Co. in order to attract its suppliers to enhance the kingdom’s aeronautics industry.In addition, the Boeing ecosystem project plans to bring almost 120 suppliers of the firm to help raise Morocco’s aeronautics exports by USD1bn and make 8.700 jobs.Furthermore, the country managed to avoid a decline in foreign investment since the global financial crisis and the Arab Spring uprisings of 2011.Morocco has exported USD590mn of aircraft parts in the Jan-August period this year, which represent almost 3.5 percent of Moroccan exports.

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