The Moroccan Economy in Brief: Tuesday, May 10, 2022

Royal Air Maroc and Emirates sign code-share partnership:

On Tuesday, May 10, Royal Air Maroc and Emirates signed a code-share partnership in Dubai, providing customers of both airlines with more travel opportunities and choice of flight connections on their flights between Dubai and Casablanca, as well as to other destinations. As a result, from the end of May, the two airlines will offer customers codeshare flights operated by both carriers between Dubai and Casablanca and to a total of 209 destinations combined. This partnership will offer their customers a wider choice of destinations between the hubs of the two airlines. This agreement will also enable passengers to enjoy more competitive fares, smooth connections and easy baggage transfer to their final destination.

EBRD expects Morocco's economy to rise by 3% in 2023:

Morocco's Gross Domestic Product is expected to increase by 1.2% in 2022 before rebounding to 3% the following year as the pace of growth returns to pre-pandemic levels, the European Bank for Reconstruction and Development (EBRD) announced on Tuesday. In a report presenting its economic forecasts, the EBRD notes that in 2022, the Kingdom's economy faces adverse weather conditions, affecting agricultural production, in addition to the impact of the war in Ukraine. This forecast takes into consideration "the effects of drought, which is expected to exert pressure on domestic food prices and force the country to raise its food imports, also at a higher international price.

Morocco on the continental outsourcing podium:

Morocco is ranked among the top three most attractive African destinations for outsourcing services. This leadership position is explained by "a significant government offer in this area, a solid infrastructure and qualified young people," said the Minister Delegate for Digital Transition and Administrative Reform, Ghita Mezzour. Ms. Mezzour, who spoke at the House of Representatives yesterday in the plenary session devoted to oral questions, stated that the sector currently has 120,000 employees, mostly young people, and generates 14 billion dirhams in export sales. In response to a question on the four memoranda of understanding (MoU) relating to investment projects in this sector that were signed with the Minister of Industry and Trade, Ryad Mezzour, the government official said that these memoranda of understanding, involving four international operators in the outsourcing sector established in Morocco, aim to create some 5,050 new direct and stable jobs by 2026 for an investment of more than 65 million dirhams .

Tangier puts 220 MDH in a zone dedicated to polluting craft activities :


Tangier puts 220 MDH in a zone dedicated to polluting craft activities :

Approximately 220 million dirhams (MDH) will be dedicated to the creation of a zone to accommodate the polluting and harmful craft activities of the city of Tangier. Therefore, the Council of the municipality of Tangier has recently approved the annex of a partnership agreement between the Ministry of Tourism, Handicrafts, and Social Economy, the Wilaya, the Council of the region Tangier-Tetouan-Al Hoceima, the Agency for the Promotion and Development of the North (APDN), the Regional Chamber of Crafts, as well as the association of artisans of Tangier. According to this annex, the budget dedicated to this area of activity should be raised to 220 MDH.

The average net salary in Morocco is 8,237 dirhams:

According to Ghita Mezzour, Minister Delegate in charge of the Digital Transition and Administration Reform, the minimum wage in the public sector has increased from 1,586 dirhams in 2007 to 3,300 dirhams in 2021, which is double. This wage was raised to 3,500 dirhams following the recent social agreement between the government, the General Confederation of Moroccan Enterprises (CGEM) and the most representative trade unions. Regarding the average net salary, she announced that it has increased from 5,333 dirhams in 2007 to 8,237 in 2021, an increase by 54%.