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Morocco and Israel sign agreement to cooperate in aerospace projects
March 23, 2022
It is aimed to foster innovation, as well as boost airplane maintenance and transformation, working with Israel Aerospace Industries.
Israel and Morocco signed an agreement on Wednesday to cooperate in civilian aerospace projects following the renewal of diplomatic relations, primarily as a result of the 2020 Abraham Accords.
Moroccan Industry Minister Ryad Mezzour noted that the agreement is geared to foster innovation, as well as boost airplane maintenance and transformation, reported Reuters. The deal was signed at a ceremony in Rabat with Israel Aerospace Industries head Amir Peretz.
To that end, Israeli business representatives are slated to visit Morocco next week to talk about investment opportunities, according to the Israeli mission in Rabat.
Moroccan carrier Royal Air Maroc announced a new codeshare agreement with Israeli carrier El Al Airlines earlier this month, launching its first direct flight from Casablanca to Tel Aviv.
The two countries signed a defense agreement in November, and in February, Israel said it wanted to increase trade with the North African country to $500 million a year from $130 million.