Morocco and Israel sign MoU in aeronautics field

IAI President and CEO Boaz Levy, Morocco's Minister of Industry and Trade Ryad Mezzour and Chairman of the IAI Board of Directors Amir Peretz (left to right) ©IAI

A Memorandum of Understanding (MoU) in the aeronautics sector has been signed during a meeting between the Moroccan Minister of Industry and Trade, Ryad Mezzour and the Chairman of the Board of Directors of Israel Aerospace Industries (IAI), Amir Peretz. The MoU is part implementation of the Joint Declaration between Morocco and Israel signed on December 22, 2020, in Rabat, whereby the two countries expressed their willingness to promote dynamic and innovative bilateral economic cooperation in the fields of investment and technology.

“The Memorandum of Understanding we are signing today is a further step in creating a new partnership between IAI and the aerospace industries in Morocco. I know the incredible potential that exists in Morocco and this is just the beginning,” Amir Peretz announced.

As part of this partnership, Morocco and IAI will target investment opportunities relating mainly to 3-D printing, the manufacture of cabin interiors and engine and aerostructure parts, plus the establishment of an R&D and engineering centre along with the development of a network of local suppliers through sourcing partnerships with IAI.

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