Morocco is working to establish a robust defense industry. He reveals his strategy focused on the creation of industrial zones.
Morocco, which is working to materialize its ambition to develop a robust defense industry, is developing a vision focused on the creation of industrial zones specializing in military industries. This is what emerges from the presentation by the Minister Delegate in charge of Administration, National Defense, Abdellatif Loudiyi of the budget of his department before the Committee on Foreign Affairs, National Defense, Islamic Affairs, and MRE in the representative’s room. He assured that firm steps have been taken towards the creation of such zones aimed at establishing an advanced defense industry and attracting foreign investment, reports Hespress.
Several agreements aimed at strengthening the equipment of the Royal Armed Forces (FAR) have already been signed. Many companies wish to invest in the military sector in Morocco. The kingdom has taken constant steps to establish an advanced defense industry, entering into partnerships and agreements following the entry into force of Law No. 10.20 relating to defense equipment, the minister explained. According to the official, this initiative will allow Morocco to play a significant role in economic development, gradually achieve independence in the field of defense industry, and benefit from the transfer of advanced technologies, while attracting investments. foreigners and creating new jobs.
A group of specialized companies has submitted applications for investment authorization in the field of defense industries. Specific technical, economic, legal, and technological criteria have been defined for the selection of companies. Morocco is therefore keen to create long-term value.
