- Commodities Weekly - Framing tariff-induced stagflation risks
- African Private Capital Fundraising Doubles to $4bn in 2024
- The Rise of Contemporary African Art in a Global Market - Marelize van Zyl
- 21st Edition Connected Banking Summit – Innovation & Excellence Awards 2025
- Afreximbank delivered exceptional 2024 financial performance
France’s FigeacAero to open production unit in Morocco

Rabat, Morocco (Capital Markets in Africa) – Morocco’s aeronautics industry continues to spread its wings. Following in the footsteps of other global heavyweights in aeronautics such as Bombardier and Airbus, a 25 million euros investment will be injected in the Moroccan aeronautics industry by FigeacAero, a French group specializing in mechanical aerospace.
The French company has confirmed plans to open a production unit in Casablanca which is expected to generate 500 jobs and an investment of 25 million euros over a period of 5 years.
FigeacAero is expected to locate their operations in the Casablanca industrial platform, Midparc.
The investment related agreements were signed on Tuesday, June 16th by Minister of Industry Moulay Hafid Elalamy and the French company on the sidelines of the Paris Air Show.
Jean-Claude Mailard, founder and CEO of FigeacAero said ‘the new production unit in Morocco is an important to step in line with the company’s business model.’
The aeronautics and aviation industry in Morocco generates over a billion euros in turnover and employs 10,000 people. Financial incentive packages and tax exemptions for investors lure several aerospace manufacturers, including Airbus, Dassault Aviation, Safran SA, and Bombardier.