Industry

The Moroccan aeronautical industry has made significant strides over the past decade, with its industrial base growing from around 10 companies to over 100 today. The sector generated $1bn in turnover in 2013 and was the main source of employment for 10,000 people. Aeronautics exports accounted for 6% of total exports in 2013, up from 0.5% a...

Although affected by a trading slowdown in recent years, indicators in the second half of 2014 have displayed some signs of recovery in Morocco’s industrial sector. According to preliminary data released by the High Planning Commission (Haut Commissariat au Plan, HCP), the sector’s value added, excluding oil, refining increased from 0.8% in...

With a labour force of around 200,000, the textile sector is a key employer in Morocco. While sector performance has stagnated over the past decade, the last year saw an uptick in activity, with exports increasing by 5% in 2014, according to preliminary figures released by the Office des Changes.

While mining activities in Morocco have for the largest part traditionally centred on phosphates, a new mining code adopted by the legislature in February 2015 is expected to develop the country’s resource portfolio. This will in turn revive activity in a number of underdeveloped segments once it has been voted into law. Morocco is host to...

Morocco hosts one of the most developed insurance industries in Africa. The sector is dominated by nonlife lines, and in particular compulsory car insurance. Plans are in place to make several other forms of insurance compulsory but these have yet to be implemented. Market share is concentrated in the hands of a small number of mostly locally...

The Moroccan insurance industry is one of the kingdom’s largest sectors of institutional investors. It is heavily invested in local equities, which has given rise to concerns that this is exposing it to high levels of risk. However, plans to gradually introduce new solvency regulations should mitigate this by making insurers choose between...