Morocco is recovering at high speed from the losses caused by the Covid-19 pandemic, as the industry sector has recovered 100% of the jobs lost during the health crisis, said the Minister of Industry and Trade, Ryad Mezzour.
Speaking on the American TV show "This Is America & the World," which explores cultural, socio-economic, and political life around the world, the Minister reviewed the main characteristics of Moroccan industry and highlighted the strengthens of the national economy.
Interviewed by the American journalist, Dennis Wholey, Mezzour explained that the national economy is based primarily on consumption and investment, stating that the first element accounts for 60% of Gross Domestic Product (GDP) and investment represents 30% of GDP, one of the highest rates in the world.
Regarding the industry, Morocco operates mainly in production and outsourcing (outsourcing of foreign companies in Morocco), explained Mezzour, adding that the domestic automotive industry is at the top of the export products.
The Kingdom has a platform of the automotive industry with an annual production capacity of 700,000 vehicles and an integration rate of 60%, added Mezzour.
