Morocco Surpasses South Africa in Industrialization
According to a recent report by the African Development Bank (AFDB), Morocco is poised to dethrone South Africa as the most industrialized economy in Africa by 2025. This significant shift is attributed not only to the decline of South Africa's industrial base but also to Morocco's proactive industrial policy, which has been in place for over two decades. The report highlights Morocco's robust economic model characterized by increased public and foreign investments, the expansion of industrial zones, and improved logistical connections. A key factor in this transformation is the Tanger Med port, which has emerged as Africa's premier port, facilitating trade and boosting the country's industrial capacity.
Morocco's industrial sector has diversified beyond traditional pillars such as phosphates and automotive manufacturing, venturing into high-value-added industries like aerospace. Abdelmalek Alaoui, president of the Moroccan Institute of Strategic Intelligence and author of "Morocco: The Challenge of Power," notes that every aircraft produced after 2005 includes at least one significant component manufactured in Morocco. This diversification reflects King Mohammed VI's strategic vision of balancing investments between the aerospace and automotive sectors.
Challenges of Inequality Amidst Growth
Despite these advancements, significant inequalities remain prevalent within the country. Alaoui emphasizes the need for substantial investments in quality infrastructure—such as connectivity, ports, and telecommunications—to attract both international and national capital. While Morocco is witnessing a 'winning Morocco' connected to globalization, particularly around its ports, there exists a contrasting 'marginalized Morocco' comprising areas that have been left behind in this industrialization wave. The accelerated industrialization has exacerbated the wealth gap, with the African Development Bank recently noting that, despite the growth of numerous enterprises, Morocco struggles to create sufficient job opportunities for its growing population.
As reported by trtfrancais.com.
