Between 2014-2020, the sector created 91,000 jobs and witnessed a revenue growth of about 40 per cent. Seven key areas, namely fresh fruit and vegetable processing, pasta and couscous industry, olive oil industry, meat industry, dairy industry, and chocolate and confectionery industry, part of program-contracts deals, have spearheaded the growth. The new funds are expected to enable the generation of 21,000 new jobs, MAD23.5 in revenues and a turnover of MAD6.9 billion. With those projections, the minister stressed, the kingdom will be able to reduce its trade deficit. Currently, the North African country is spending MAD183 billion in the import of products that can be produced locally.

Source: The North Africa Journal June 15, 2021 11:37 UTC