Moroccan industry recovered from COVID-19 crisis

Moroccan industry is “doing well” and has recovered from the COVID-19 crisis, according to Minister of Industry Moulay Hafid Elalamy.

“In August 2020, all [industrial] sectors recorded higher growths than the rates recorded during the same period in 2019, except for the aeronautics sector which witnessed a 14% decrease,” Elalamy said.

According to the minister, Moroccan industry returned to its normal level in July and began exceeding the monthly growth rates recorded in 2019.

The sector’s recovery, however, will not make up for the months of low activity due to the nationwide COVID-19 lockdown, Elalamy said. The annual growth of Morocco’s industrial sector in 2020 will be lower than the figure recorded in 2019.

“The sustainability of the national industrial strategy not only helps preserve the strategy but also adjust it as government change, without impacting its efficiency,” he explained.

The industry minister gave the example of the automotive sector, which now represents a major part of Moroccan industry.

Elalamy said that Morocco’s automotive sector has surpassed all expectations thanks to the country’s industrial strategy.