Morocco: 500,000 industrial jobs by 2020.
7 April 2014
Read by 1728 persons
The Moroccan government will create an Industrial Development Fund (IDF). By 2020, this fund will have about €1.8 billion to support the growth of Moroccan industries. Morocco expects the industrial sector to create 500,000 jobs by 2020.
This measure is part of a plan to accelerate industrial growth. This plan includes government support for building high-performing ecosystems. This means creating value chains around industrial groups like Renault in Tangier.
This new strategy replaces the Emergence Plan (2009-2014). The goal is to create 500,000 industrial jobs by 2020. Half of these jobs should come from foreign direct investment (FDI). The objective is for industry to represent 23% of GDP by 2020, compared to 14% today.
Moulay Hafid Elalamy, the Moroccan Minister of Industry, made this announcement at the fourth Industrial Summit.
Leconomistemaghrebin.com
Published April 7, 2014.
Posted online April 7, 2014.
This measure is part of a plan to accelerate industrial growth. This plan includes government support for building high-performing ecosystems. This means creating value chains around industrial groups like Renault in Tangier.
This new strategy replaces the Emergence Plan (2009-2014). The goal is to create 500,000 industrial jobs by 2020. Half of these jobs should come from foreign direct investment (FDI). The objective is for industry to represent 23% of GDP by 2020, compared to 14% today.
Moulay Hafid Elalamy, the Moroccan Minister of Industry, made this announcement at the fourth Industrial Summit.
Leconomistemaghrebin.com
Published April 7, 2014.
Posted online April 7, 2014.
