Yesterday, Morocco’s king Mohammed VI oversaw the signing of a memorandum of understanding with world’s largest aerospace company Boeing who wants to establish in the kingdom a “Boeing industrial ecosystem” in a specialized.

Under the agreement, around 123 Boeing suppliers should settle in the Tangiers area, and 8,700 jobs should be created.

“This is a very important strategic project as we move into a new aeronautical era in Morocco,” Industry Minister Moulay Hafi Elalamy said

The Minister wishes for Boeing to play a major role in the development of Morocco’s aerospace industry, similar to Renault and PSA’s in the automobile industry.