Browsing: Pharmaceuticals Industry Growth

Manufacturing Shift: Morocco Adopts hi-tech to conquer European markets. www.theexchange.africa
  • Over the years, Morocco has been riding on its strategic position on Europe’s edge to build its success on low-cost production of low-cost goods, including textiles and food, through trade pacts with the European Union
  • Automotive was among the first industries to establish itself in Morocco and has become one of its success stories. 
  • Morocco’s aerospace exports, according to official estimates, increased by 21.9 per cent last year to $1.6 billion after plunging by over 30% in 2020 as a result of the global aircraft industry crisis prompted by the Covid-19 epidemic.

Over the years, Morocco has been riding on its strategic position on Europe’s edge to build its success on low-cost production of low-cost goods, including textiles and food, through trade pacts with the European Union. 

However, the emphasis has shifted to higher-value, higher-tech industries such as the automotive industry, aerospace, and pharmaceuticals, with Moroccan firms collaborating with foreign