Morocco aerospace industry hits $1 billion revenue in first five months of 2024

Over the past decade Morocco has been working to boost the aviation sector hoping to transform the country into a global aviation powerhouse. The numbers are starting to add up with a growth rate of 17.6% compared to the same period last year. The aerospace industry sector in Morocco currently accounts for some 142 companies with 17,000 employees that have a turnover of around US$2 billion in exports. In 2020, Morocco's aerospace industry ranked 36th globally and third in the Middle East and Africa region.