Boeing and Alphavest Capital to establish five aerospace centers in Morocco

Saturday 19 July 2025 - 09:50

By: Dakir Madiha

Boeing and Alphavest Capital to establish five aerospace centers in Morocco

Moroccan asset management firm Alphavest Capital and American aerospace giant Boeing have signed a memorandum of understanding (MoU) to create five aerospace excellence centers in Morocco. This strategic partnership aims to bolster the country’s position as a global leader in the aviation manufacturing sector.

Advancing Morocco’s aerospace industry

The agreement, announced on Friday, focuses on developing specialized centers in five critical areas: engineering; tubing systems; complex mechanical components; composite structures; and raw materials processing and distribution. These centers are expected to enhance Morocco's aerospace supply chain and logistics capabilities.

Majid Benmlih, President and CEO of Alphavest Capital, described the collaboration as a significant milestone. “This historic agreement with Boeing marks Morocco’s arrival on the global aerospace scene, confirming the Kingdom’s position as an aerospace destination offering the best value for money, particularly in terms of risk, quality, cost, and time,” he stated.

Benmlih highlighted that the partnership builds on years of collaboration, including the development of TDM Aerospace, a key player in Morocco’s aviation industry.

A growing aerospace hub

Morocco’s aerospace sector has seen remarkable growth, with 150 companies operating nationwide and generating €2.5 billion in annual revenue. The industry employs 26,000 people full-time and produces components for leading aircraft models, such as the Boeing 737 Max.

Ihssane Mounir, Senior Vice President of Global Supply Chain and Fabrication at Boeing Commercial Airplanes, expressed pride in the partnership. “We are proud to partner with Alphavest Capital to continue developing Moroccan aerospace supply chain capabilities and fostering a highly skilled, high-performing workforce,” he said.

This collaboration aligns with Morocco’s ambitious plans for the aerospace sector, including potential expansion into cabin fittings and landing gear manufacturing. Minister of Industry and Commerce Ryad Mezzour recently revealed aspirations to establish a final assembly line for commercial aircraft within the next decade, aiming to double the sector’s revenue by 2030.

Competitive advantages

Morocco’s competitive edge lies in its cost-effective production, with labor costs averaging €25 per hour compared to €100–120 in Europe or the US. Additionally, the country produces 23,000 engineering graduates annually, of which 400 specialize in aerospace.

The sector also benefits from strong export growth. Recent Exchange Office data show that aerospace exports exceeded MAD 9.5 billion (approximately $950 million) by April 2025, a 14% increase compared to the previous year.

Strengthening ties with Boeing

Beyond the aerospace centers, Morocco’s collaboration with Boeing is set to deepen further. Royal Air Maroc (RAM) is reportedly preparing a significant aircraft order, potentially including around 24 Boeing 787s and up to 50 737s. This development underscores the strategic partnership between Rabat and the American manufacturer.

With initiatives like the Boeing-Alphavest alliance and growing foreign investment, Morocco is cementing its position as a global aerospace powerhouse, poised for continued growth in the coming years.