Morocco is one of three African countries driving expansion in private, commercial, and military aviation, presenting lucrative opportunities on a global scale, according to Forbes in an article published on Friday.
Forbes claims that Africa’s aviation industry is experiencing significant growth, with Morocco, Nigeria, and South Africa at the forefront of this upward trajectory.
Morocco’s aviation sector has experienced remarkable growth, with Airbus forecasting a 3.6% annual increase in demand for passenger traffic from 2023 to 2042.
The article adds that Morocco’s investment-friendly climate and advantageous location close to both Europe and the rest of Africa make it an attractive proposition for international aviation businesses, including aircraft manufacturing. Additionally, Morocco’s open sky policy encourages foreign investment and partnerships, creating opportunities for healthy growth in the aviation sector.
The rise of Morocco, Nigeria, and South Africa in the aviation industry reflects Africa’s expanding economies, urbanization, and a burgeoning middle class with increased spending power. Such growth presents a unique opportunity for entrepreneurs and businesses to tap into the rapidly growing market on the continent.
The article outlines best practices for companies seeking to invest in Morocco’s aviation sector, including taking advantage of the open sky policy, investing in local partners, encouraging hard- and soft-skill development in the workforce, and urging infrastructure investment.
The challenges of doing business in Morocco include language barriers and differing regulatory frameworks. To overcome these obstacles, the article advises companies to prioritize local hires, and to take time to build relationships and therefore, trust, to help navigate language issues and overcome bureaucratic hurdles.
With Morocco, Nigeria, and South Africa emerging as aviation hubs, Africa is becoming a significant player in the industry. This shift predicts Africa’s increasing significance on the world stage and highlights the potential of its economies and people.