25 February 2013

Morocco: Local Emergence Plan Nets 100,000 Jobs Created in Three Years

Three years after its launch, the National Pact for Industrial Emergence (PNEI) has yielded tangible results-more than 100,000 jobs in six global business sectors (IT offshoring; automotive, aerospace, and electronics manufacturing; textile/leather design and production, and value-added food products) from 2009-2012.

According to a mid-term review released yesterday at the third edition of the National Conference of Industry, organized under the leadership of King Mohammed VI, the Emergence program has contributed to an increase in industrial GDP of more than $3 billion between 2008 and 2011, including an increase of more than 125 percent in the automotive sector exports and 60 percent of exports in the aerospace industry.

Emergence plan investments has led to the construction and equipping of more than 500 acres of industrial land per year compared to less than 100 acres annually prior to its implementation. Some 40,000 individuals have received training, which has enabled small and medium entreprises to improve their competitiveness, some firms in excess of 110 percent. These performance results have enabled Morocco to be named "African country of the future" for the year 2011-2012 by the Financial Times.

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