Morocco has taken a major step in its aerospace ambitions with the launch of Safran’s new aircraft engine complex in Nouaceur, near Casablanca, presided over by King Mohammed VI. The 3.4 billion dirhams project, which includes a LEAP engine maintenance and assembly plant creating 900 jobs, cements Morocco’s status as a leading aerospace hub hosting 150 companies and generating 26.6 billion dirhams in annual revenue.
Good news for the kingdom: S&P Global Ratings has upgraded Morocco’s sovereign credit rating to BBB-/A-3 with a stable outlook, praising its favorable macroeconomic policies and resilience to external shocks. The decision reflects the ongoing consolidation of public finances.