Industry sector

Morocco-Israel: memorandum of understanding signed in the aerospace industry sector

MOROCCO, March 24 – A memorandum of understanding (MoU) in the aerospace industry sector was signed, Wednesday in Rabat, between Morocco and Israel Aerospace Industries (IAI).

Initialed by the Minister of Industry and Trade, Ryad Mezzour, and the Chairman of the IAI Board of Directors, Amir Peretz, this memorandum of understanding is part of the implementation of the declaration between Morocco and Israel, signed in December 2020 in Rabat.

In this statement, the two countries expressed their desire to promote dynamic and innovative bilateral economic cooperation, particularly in the areas of investment and technology.

Within the framework of this partnership, Morocco and IAI have identified investment opportunities relating mainly to 3D printing, the manufacture of cabin interiors and engine and aerostructure parts, as well as the establishment of an R&D and engineering center and the development of a network of local suppliers through supply partnerships. with the IAI.

This MoU involves, for the Moroccan part, the Ministry of Industry and Trade, the Ministry Delegate to the Head of Government in charge of Investment, Convergence and the Evaluation of Public Policies, and, for the Israeli, the company Israel Aerospace Industries, represented by Peretz, and by the CEO, Boaz Levy.

Speaking on the occasion, Mezzour said that this partnership is “strategic for both countries”, as “it paves the way for win-win industrial collaboration in the aerospace industry”.

“This partnership benefits from IAI’s expertise in the field of aviation and the technological capabilities of our aeronautical platform and its positioning as a growth driver for the development of investments in advanced industrial sectors and aeronautical services” , said the Minister.

This agreement responds to the national priorities of promoting advanced training, employment, local manufacturing, R&D and innovation, he added.

For his part, Peretz described the MoU as a further step in creating a new partnership between IAI and the aerospace industries in Morocco.

“I know the incredible potential that exists in Morocco, and this is just the beginning. Together, we will form common teams that will turn our vision into reality,” he said.

“Today I am filled with pride that my country, Israel, is getting closer to the country where I was born, Morocco. I am proud that the two countries that make up my identity are moving forward together towards a better future,” Peretz said. . added.

For his part, the CEO of IAI said that the cooperation agreement signed with Morocco is “another expression of the deep partnership between the two countries”.

As part of its strategy, IAI is expanding its business into new markets and providing advanced technology solutions to customers around the world.

“We are proud to sign this agreement and believe this is a partnership that will lead to new joint developments and advance the global aerospace industry,” added Levy.

During its stay in Morocco, the IAI delegation went on Tuesday to the aerospace center of Nouaceur, near Casablanca, to learn about the achievements of the Moroccan aerospace industry and its rise in skills, the investment potential in Morocco in the sector and the local capacity for development in aircraft maintenance and processing. The Israeli delegation also visited the Institute of Aeronautical Professions.

Founded in 1953, IAI has become a global leader in the defense and commercial markets, developing, producing and supplying advanced technologies and systems in a range of fields, including air, land, sea, space, cybersecurity and homeland security.

MAP March 23, 2022