Morocco has made a remarkable leap in technological advancement, achieving a target 11 years ahead of schedule. According to the country’s Industry and Commerce Minister Ryad Mezzour, high and medium-high technology industries now comprise over 50% of Morocco’s industrial added value, a benchmark originally set for 2035.
Ahead of the Game
The announcement, made to the House of Representatives, underscores Morocco’s dynamic approach to fostering a tech-centered economy. The country’s upgraded Investment Charter stands at the core of this success, luring both domestic and foreign investors by facilitating the integration of cutting-edge technologies. As emphasized by Mezzour, this integration not only attracts investment but also boosts the economy significantly. According to Morocco World News, Morocco has achieved this technological feat with unprecedented speed.
Rising in Global Rankings
Innovation has played a crucial role in this transformation, propelling Morocco to 57th place globally on the Global Innovation Index. Among African nations, it ranks second, a testament to its strategic focus on development and modernization.
Expanding Industrial Horizons
Parallelly, steps are being taken to cultivate industrial zones across the kingdom. As revealed in response to further inquiries in parliament, Morocco has allocated 14,500 hectares for this purpose. This expansion is aimed at ensuring every province can access state-of-the-art industrial facilities while either upgrading or introducing new zones as needed.
A Beacon of Growth
As Morocco continues its trajectory as a manufacturing hub, its commitment to advancing high-tech industries consolidates its status as a leader in innovation. This groundbreaking achievement paints a promising picture for the future, heralding potential new opportunities for economic prosperity and technological leadership.
With a focus on providing necessary infrastructure, Morocco’s strategic efforts reflect its aspiration to remain at the forefront of technological innovation within Africa and beyond.