Monday, 16 May 2022 - 15 of Iyyar, 5782

 Morocco and Israel sign an agreement to cooperate in aerospace projects

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As part of this partnership, Morocco and IAI have identified investment opportunities focusing on 3D printing, the manufacture of cabin interiors and 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.

Morocco and Israel have  signed an  agreement to cooperate in aerospace projects. The Memorandum of Understanding (MOU) was signed by Morocco’s Minister of Industry and Trade, Ryad Mezzour, and the Chairman of the Board of Directors of Israel Aerospace Industries (IAI), Amir Peretz.

The partnership is part of the implementation of the Joint Declaration between Morocco and Israel signed on December 22, 2020 in Rabat, in which the two countries expressed their willingness to promote dynamic and innovative bilateral economic cooperation in the fields of investment and technology.

“This is a strategic partnership for both countries that we are sealing. 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,” said Minister Mezzour.

He stressed that this agreement responds to national priorities to promote advanced training, employment, local manufacturing, as well as R&D and innovation.

Amir Peretz, Chairman of the IAI Board of Directors, said: “The MOU we are signing today is an additional step in creating a new partnership between IAI and the aviation and space industries in Morocco.

Peretz, who was born in Morocco said: ‘’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. 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.”

IAI President and CEO, Boaz Levy said that the agreement, signed between IAI and Morocco, ‘’is another expression of the deep partnership between the two countries and will help promote joint and commercial projects in the aviation industry.’’

As part of this partnership, Morocco and IAI have identified investment opportunities focusing on 3D printing, the manufacture of cabin interiors and 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.

Israel and Morocco established full diplomatic relations in December 2020

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