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Morocco Concludes MoU with IAI

Innovative Bilateral Cooperation in Technology and Investments

The Moroccan Minister of Industry and Trade, Ryad Mezzour, has signed an MoU in the aeronautics sector with Israel Aerospace Industries (IAI), the company announced on 23 March.

This partnership falls under the 2020 Joint Declaration between Morocco and Israel, in which the two countries expressed their willingness to promote dynamic, innovative bilateral economic cooperation in the fields of investment and technology.  “This is a strategic partnership for both countries that we are sealing today. It opens the way for win-win industrial collaboration in the aerospace industry. This partnership leverages IAI’s aviation expertise and the technological capabilities of our aerospace platform and its positioning as a growth driver for the investment and development in advanced industrial and aeronautical services sectors,” the Minister stated, stressing that this agreement responds to national priorities to promote advanced training, employment, local manufacturing, as well as R&D and innovation.

I am familiar with the incredible potential that exists in Morocco, and this is just the beginning. Together, we will build joint teams that will turn our vision into reality. Today, I am filled with pride that my country, Israel, is coming together with the country I was born in, Morocco. I am proud that both countries that make up my identity are stepping forward, together, towards a brighter future. Aligned with our mutual values, the friendship between our nations will continue growing as we bring forward more cooperation and opportunities,” added Amir Peretz, IAI’s Chairman.

As part of this partnership, Morocco and IAI have identified investment opportunities focusing on 3D printing, cabin interiors, engine parts and aerostructures, as well as the establishment of an R&D and engineering center and the development of a eco system of local suppliers through sourcing partnerships with IAI.

(from right) IAI President and CEO, Boaz Levy; Morocco's Minister of Industry and Trade, Ryad Mezzour; and Chairman of the IAI Board of Directors, Amir Peretz. (IAI)

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Publish date

03/24/2022

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