In a plenary session held yesterday, Prime Minister Aziz Akhannouch reaffirmed his government’s commitment to advancing economic reforms to solidify Morocco’s position as a strategic hub for international investments, in alignment with the royal directives.
Akhannouch emphasized that, despite global economic challenges, Morocco has achieved notable growth, driven by sustainability-focused policies that have made the country increasingly attractive to foreign investors, particularly in the automotive and aviation sectors.
Akhannouch pointed out that Moroccan exports saw a significant rise, reaching 331 billion dirhams by the end of September 2024, an increase of 5.3% compared to the same period last year. This accomplishment reflects a growing global demand for Moroccan products, reinforcing the nation’s trade balance.
He highlighted the automotive sector’s impressive growth, with exports increasing by over 28%, alongside substantial contributions from the aviation sector, which has seen qualitative development thanks to the presence of major international companies operating in Morocco.
The Prime Minister also noted Morocco’s success in reducing inflation to 1.1% during the first nine months of 2024, compared to 6.1% for the same period last year, underscoring the national economy’s resilience amid challenging global conditions.
Akhannouch concluded by reaffirming the government’s ongoing efforts to bolster national sovereignty in strategic sectors, achieving economic stability that enables Morocco to navigate global economic fluctuations effectively, ensuring sustained development and creating new job opportunities for Moroccan youth.
source : fesnews media