Morocco’s Head of Government, Aziz Akhannouch, underlined the favorable upward trend in Morocco’s manufacturing sector as well as the country’s attempts to keep up with global changes during his monthly presentation to the Lower House.
Akhannouch stated that Morocco’s government has focused on strengthening innovation, research, and development to enhance added value, local integration, and the nation’s industrial sovereignty.
He pointed out that Morocco’s collaboration with the General Confederation of Moroccan Enterprises (CGEM) has led to the creation of an ambitious industrial innovation support program aimed at improving competitiveness and performance across various sectors, Morocco’s Press Agency (MAP) reported.
The government has already signed the first batch of funding contracts for 108 innovation projects with a total cost of MAD 615 million , contributing MAD 264 million from state funds. These projects span multiple industrial sectors and technological fields.
Akhannouch noted the ongoing investment in technological infrastructure, including industrial technical centers and competitive hubs, to support carbon-free production. A notable initiative is the construction of a high-voltage electricity line across 1,400 kilometers between southern and Central Morocco, aimed at enhancing industrial competitiveness.
Amid the session, Akhannouch also reassured that despite rising energy costs, the government has maintained stable electricity prices to help national industries remain competitive.
Moreover, Morocco is pushing forward its energy transition with a focus on renewable sources, aiming to have 52% of its total installed capacity come from renewables by 2030.
Akhannouch also mentioned the country’s efforts in the green hydrogen sector, with significant international interest following Morocco’s “Offer of Morocco” initiative, which has generated over 40 investment requests.
Lastly, he discussed the national strategy “Morocco Digital 2030”, which is central to industrial investment growth. This digital transformation aims to streamline administrative processes, promote digital economic development, and create thousands of jobs.
The government has allocated a budget of MAD 11 billion between 2024 and 2026 to create 240,000 jobs by 2030, contributing over MAD 100 billion to the Gross Domestic Product.