عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Morocco Projects Industrial Exports Worth $36 Bln in 2022

The flags of Morocco flutter outside Ibn Batouta Stadium in Tangier which is hosting the FIFA Club World Cup (Reuters)
The flags of Morocco flutter outside Ibn Batouta Stadium in Tangier which is hosting the FIFA Club World Cup (Reuters)
TT
TT

Morocco Projects Industrial Exports Worth $36 Bln in 2022

The flags of Morocco flutter outside Ibn Batouta Stadium in Tangier which is hosting the FIFA Club World Cup (Reuters)
The flags of Morocco flutter outside Ibn Batouta Stadium in Tangier which is hosting the FIFA Club World Cup (Reuters)

Morocco's Minister of Industry and Trade, Ryad Mezzour, said Tuesday that Morocco's industrial exports should reach 360 billion dirhams ($36 billion) in 2022.

During a session for the House of Councilors on "The outcome of the 2014-2020 Industrial Acceleration Plan", Mezzour recalled that the volume of industrial exports had not exceeded 160 billion dirhams in 2013 (before the Plan was launched).

He highlighted a progression of about 200 billion dirhams in nine years.

This Plan has achieved a "very positive" outcome by exceeding its goal of creating 500,000 jobs, said the Minister.

He added that the plan has also created integrated industrial ecosystems, supported competitiveness, strengthened the confidence of Moroccan and foreign investors in the Moroccan industry, and enhanced the Kingdom's attractiveness as a destination for industrial investment.

Mezzour said that the volume of trade with African states would reach more than 65 billion dirhams in 2022, noting that these exchanges have more than quadrupled during the period 2001-2021, from 10 billion dirhams to 46 billion dirhams in 2021.

“The ambitions are not yet achieved at this level,” he said.

Mezzour said that a set of projects still exist to consolidate trade and partnership with African countries, including the African Continental Free Trade Area, and the Dakhla Port.

After its completion in 2027, the Port is called to become a high-level gateway to Africa to improve access to African markets and accessibility of the African product to world markets, the Moroccan minister added.

Most Viewed

 
 
Business

Saudi's flynas Strikes Deal for Additional Airbus A320neos, 15 A330s

Saudi's flynas strikes deal for additional Airbus A320neos, 15 A330s (flynas)
Saudi's flynas strikes deal for additional Airbus A320neos, 15 A330s (flynas)
TT
TT

Saudi's flynas Strikes Deal for Additional Airbus A320neos, 15 A330s

Saudi's flynas strikes deal for additional Airbus A320neos, 15 A330s (flynas)
Saudi's flynas strikes deal for additional Airbus A320neos, 15 A330s (flynas)

flynas, Saudi Arabia’s leading low-cost carrier, has signed a Memorandum of Understanding (MoU) with Airbus for 75 A320neo family aircraft and 15 A330-900. This strategic agreement will expand the airline's capacity, range and enhance its overall fleet capabilities.
Signed during Farnborough International Airshow in the presence of President of the General Authority of Civil Aviation (GACA) of Saudi Arabia, Abdulaziz bin Abdullah Al-Duailej, Chairman of the Board of NAS Holding Ayed Al Jeaid, flynas Chief Executive Officer & Managing Director Bandar Almohanna, and Airbus Chief Executive Officer, Commercial Aircraft, Christian Scherer, Airbus said on its website.
The new aircraft will join the carrier’s all Airbus fleet serving international, domestic and regional routes. The new A330-900 aircraft will boast a two-class configuration, accommodating up to 400 passengers.
"We are excited to further strengthen our long-standing partnership with Airbus," said Bander Almohanna, CEO and Managing Director of flynas. "The A320neo Family provides exceptional operational performance and environmental benefits, allowing us to offer unique, low-cost travel experiences. Additionally, the A330neowill enhance our long-haul capabilities with its advanced technology and efficiency while supporting our growth plans and Saudi Arabia’s pilgrim program."
Airbus Chief Executive Officer, Commercial Aircraft, Christian Scherer said, "We are delighted to expand our partnership with flynas through this significant milestone for both A320neo and A330-900 aircraft. The A330neo will allow flynas to further grow into widebody markets by building on the A320, benefiting from Airbus’ unique commonality. Both aircraft types offer flynas the perfect versatility and economics to expand into new markets while offering their passengers the latest cabin experience and comfort. We look forward to continuing our successful collaboration with flynas as they embark on this exciting new chapter."
The addition of the A330-900 aircraft will support flynas' ambitious growth plans. The airline anticipates significant operational efficiency gains by combining the new widebody aircraft with its existing A320neo fleet. The A330-900 offers increased capacity and range at unrivaled seat costs, ensuring flynas can compete effectively in the growing regional market, a key focus area for the airline.
The A330neo delivers unbeatable operating economics, powered by the latest-generation Rolls-Royce Trent 7000 engines, featuring new wings and a range of aerodynamic innovations resulting in a 25 percent reduction in fuel consumption and CO₂ emissions compared to previous generation competitor aircraft. The A330neo is capable of flying 8,150 nm / 15,094 km non-stop, providing ultimate comfort with more passenger space, a new lighting system, latest in-flight entertainment systems and full connectivity throughout the cabin.
As with all Airbus aircraft, the A330 family is already able to operate with up to 50% Sustainable Aviation Fuel (SAF). The manufacturer is targeting to have its aircraft up to 100% SAF capable by 2030.