2024-07-15 05:38:59
“The global aviation industry is expected to grow over the next 10 years, and I believe that Morocco is establishing itself as a key player, as businessmen can take advantage of its favorable geographical location, skilled workforce and business environment,” the publication writes in an article by Henri Al Helaly, business strategist and CEO of the multinational “Strategiae.”
Recounting his experience, the author of the article indicates that in recent years, he has worked with companies in the aviation sector and is now finalizing a joint venture that provides maintenance, repair and overhaul (MRO) services in Morocco.
Through this experience, Al Helaly says he learned a lot about Morocco, its aerospace industry and the benefits that businessmen and investors can enjoy by doing business in the Kingdom.
In his column on Forbes, the author first cites Morocco’s strategic positioning between Europe and Africa, emphasizing that the Kingdom positions itself as an “attractive” hub for the aeronautics industry and serves as a springboard to major markets for businesses and commercial opportunities.
“The strategic advantage of being a crossroads between continents” allows Morocco to serve as a business destination, the American magazine indicates, specifying that for European investors, Morocco’s proximity to the Old Continent offers the advantage of expanding operations and prospecting new markets.
Citing the US International Trade Administration, the author of the article further notes that Morocco’s aerospace value-added trade is one of its fastest-growing sectors, signaling that the Kingdom has established itself as a reliable and cost-effective destination for MRO services.
Forbes also reports that aviation and MRO services in Morocco present a wealth of employment opportunities for the local workforce, especially since the country has a pool of skilled and multilingual talent that companies can tap into, adding that the Kingdom’s boom in business aviation and MRO services can also benefit clients in Africa and Europe.
According to Henri Al Helaly, Moroccan suppliers tend to offer competitive prices and, “when combined with a commitment to quality, this presents an attractive alternative to more expensive options in the region.”
“With competitive operational costs, Morocco also offers cost-effective solutions to businessmen and investors, which can allow them to optimize their budgets and potentially increase their profitability,” he believes.
Referring to the business climate in the Kingdom, Forbes highlights investment incentives, political stability and government support, noting that Morocco is positioning itself as a preferred destination for businessmen and investors, especially since the country has invested massively in the development of modern infrastructure, including airports.
Among the assets that support Morocco as a destination, the American publication cites connectivity by air, sea and land, which can help facilitate commercial relations in the region, allowing businessmen and investors to expand their networks and establish strategic partnerships.
Morocco’s evolution in business aviation and MRO services signifies its emergence as a leading player in the global aviation industry, the same source notes, noting that the expansion of these sectors can not only help create new job opportunities but also position the country as a provider of cost-effective and efficient solutions for customers in Africa and Europe.
Morocco continues to invest in infrastructure, talent development and regulatory frameworks, says Forbes, which expects the aviation sector to continue its growth, contributing to the Kingdom’s economic prosperity and strengthening its position as a preferred destination for business aviation and maintenance, repair and overhaul services.
2024-07-15 05:38:59